A machine for liquid or semi-liquid food products, including: a container for containing a liquid or semi-liquid food product; a thermal treatment system, equipped with at least one heat exchanger associated with the container for absorbing or releasing heat to the liquid or semi-liquid food product inside the container; a stirrer positioned inside the container; a dispensing device, including: a supporting element having a front wall; an outlet channel, formed in the supporting element and in fluid communication with the container; a shutter which is movable inside the channel between a closed position of the outlet channel and an open position of the outlet channel; a lever having a first end operatively connected to the shutter to allow the movement between the above-mentioned closed position of the outlet channel and the open position of the outlet channel and also having a second end configured for being gripped by a user.