Status, November 2026: current. Elgato still sells the Wave XLR MK.2.
What it is
The Wave XLR MK.2 is a USB-C interface for one XLR microphone. Elgato launched it in March 2026 in its Wave Next range as the follow-up to the original Wave XLR, per GamesRadar+. It gives 80 dB of gain and 48 V phantom power, which Elgato says suits a quiet dynamic mic such as the Shure SM7B without a booster, and runs at 24-bit, 48 kHz.
There is no line input: the XLR socket is the only way in. The DJ mix reaches the stream through Elgato's free Wave Link 3.0 app, which takes computer audio as a source, so DJ software on the same machine can go into the mix, and builds up to five separate mixes for OBS Studio or any app that accepts an audio input. A hardware mixer needs a second interface or capture device, which Wave Link can add as another source. Without Wave Link the unit works as a basic USB audio interface.
A low-cut filter, expander, Voice Tune, compressor and 4-band EQ run on the unit, and Clipguard 2.0 guards against clipping. One dial sets gain, Voice Tune, headphone volume and the mic/PC mix, and a touch on top mutes. The 3.5 mm headphone jack monitors without delay and has a High Power Mode of up to 170 mW. It is powered by the computer and has no standalone mode. The box holds the interface, a 150 cm USB-C cable and a quick start guide; the microphone and XLR cable are extra.


