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SLAB
Silicon Laboratories Inc. · Technology - IoT Wireless Semiconductors
$219.75
+1.52% this month
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ADI
Analog Devices, Inc. · Technology - Analog & Mixed-Signal Semiconductors
$434.46
+4.86% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
SLAB
0
ADI
4
Comparison scoreboard
ADI LEADS 4/5AI Score
SLAB 45.7
ADI ✓64.2
1Y Return
SLAB +55.83%
ADI ✓+91.02%
Fwd P/E
SLAB 52.97
ADI ✓28.28
Target Up.
SLAB +1.41%
ADI ✓+7.96%
Op. Margin
SLAB N/A
ADI 38.08%
Metrics last refreshed: 6/20/2026
Quick take
SLAB vs ADI Stock Comparison: AI Score, Valuation, Performance and Upside
SLAB (Silicon Laboratories) and ADI (Analog Devices) both serve industrial and IoT markets with semiconductor solutions, but at very different scales and focus areas — Silicon Labs is a focused IoT wireless connectivity company (Bluetooth, Zigbee, Thread, Wi-Fi) serving smart home and industrial IoT, while Analog Devices is a much larger diversified analog company serving industrial, automotive, healthcare, and 5G with precision analog components.
SLAB vs ADI is focused IoT wireless bet (Silicon Labs' Matter-enabled multi-protocol wireless chips for smart home and industrial IoT as connectivity proliferates) versus diversified precision analog platform (Analog Devices' data converter and signal chain leadership serving every segment requiring precise measurement and control) — IoT connectivity specialist versus broad analog excellence.
Live analysis · updated 6/20/2026
ADI holds the edge across 4 of 5 key metrics in this comparison. ADI leads on both 1-year return (+91.02%) and forward P/E (28.28x vs 52.97x for SLAB), a relatively favorable combination of momentum and valuation. Analyst consensus implies meaningfully more upside for ADI (+7.96%) than for SLAB (+1.41%).
Normalized 1Y performance
SLAB
ADI
Recent returns
SLAB
ADI
Analyst price targets & sentiment
SLAB · 7 analysts
STRONG BUYHOLDSTRONG SELL
Hold (3.0/5.0)
Price target range
analyst low$200.00
analyst high$231.00
analyst mean$222.86
current price$219.75
+1.4% upside to analyst mean
ADI · 31 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.9/5.0)
Price target range
analyst low$155.00
analyst mean$451.03
current price$434.46
+8.0% upside to analyst mean
Who should consider this stock?
SLAB may suit investors who:
- →Want pure-play IoT wireless semiconductor exposure — Silicon Labs is a focused play on the proliferation of connected devices in smart homes, commercial buildings, and industrial IoT deployments
- →Value the Matter smart home standard tailwind as Silicon Labs' multi-protocol chips (supporting Bluetooth, Zigbee, Thread simultaneously) position it as a preferred supplier for Matter-compatible device manufacturers
- →Accept the IoT wireless inventory correction as a temporary headwind and believe in the long-term growth of connected device ecosystems in homes and industry
ADI may suit investors who:
- →Want broad exposure to precision analog semiconductor demand across industrial, automotive, healthcare, and 5G — Analog Devices' diversified end market exposure provides more resilience than single-market IoT exposure
- →Value ADI's precision data converter and signal chain leadership with high switching costs as engineers specify ADI by part number in demanding measurement applications
- →Prefer the scale and diversification of a large-cap analog company with 60%+ gross margins and multiple growth drivers versus a smaller focused IoT wireless company
Performance & AI score
| Metric | SLAB | ADI |
|---|---|---|
| AI score | 45.7 | 64.2 |
| AI rank | #698 | #73 |
| Latest close | $219.75 | $434.46 |
| 1M return | +1.52% | +4.86% |
| 6M return | +65.90% | +60.29% |
| 1Y return | +55.83% | +91.02% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | SLAB | ADI |
|---|---|---|
| 1Y ago | $15.58K (+55.8%) started 2025-06-18 | $18.92K (+89.2%) started 2025-06-18 |
| 5Y ago | $15.59K (+55.9%) started 2021-06-18 | $30.32K (+203.2%) started 2021-06-21 |
| 10Y ago | $44.39K (+343.9%) started 2016-06-20 | $109.21K (+992.1%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | SLAB | ADI |
|---|---|---|
| Market cap | $7.25B | $203.5B |
| Trailing P/E | N/A | 62.08 |
| Forward P/E | 52.97 | 28.28 |
| Price/Sales | 8.83 | 11.23 |
| EV/Revenue | 8.29 | 16.39 |
| Analyst target | $222.86 | $451.03 |
| Target upside | +1.41% | +7.96% |
Growth, profitability & risk
| Metric | SLAB | ADI |
|---|---|---|
| Revenue growth | 20.10% | 37.20% |
| Earnings growth | N/A | 110.50% |
| EPS growth | N/A | +110.50% |
| FCF margin | +1.87% | +30.37% |
| Operating margin | N/A | 38.08% |
| Profit margin | -6.13% | 26.01% |
| ROIC proxy | -4.65% | 9.64% |
| Return on equity | -4.65% | 9.64% |
| Dividend yield | 0.00% | 1.05% |
| Beta | 1.36 | 1.18 |
| Debt/equity | N/A | 25.81 |
| Current ratio | 5.11 | 1.75 |
| Quick ratio | 3.90 | 1.23 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
SLAB max drawdown24.37%
ADI max drawdown15.99%
SLAB max wkly drop10.11%
ADI max wkly drop11.24%
5Y risk snapshot
SLAB max drawdown58.99%
ADI max drawdown32.20%
SLAB max wkly drop24.55%
ADI max wkly drop18.34%
10Y risk snapshot
SLAB max drawdown58.99%
ADI max drawdown33.62%
SLAB max wkly drop24.55%
ADI max wkly drop18.34%
Performance metrics by period
| Period | Metric | SLAB | ADI |
|---|---|---|---|
| 1Y | Growth | +55.83% | +89.18% |
| CAGR | +55.88% | +89.36% | |
| Sharpe ratio | 0.93 | 2.01 | |
| Max drawdown | 24.37% | 15.99% | |
| Max daily drop | 8.95% | 6.38% | |
| Max wkly drop | 10.11% | 11.24% | |
| 5Y | Growth | +55.88% | +182.96% |
| CAGR | +9.29% | +23.17% | |
| Sharpe ratio | 0.32 | 0.66 | |
| Max drawdown | 58.99% | 32.20% | |
| Max daily drop | 15.09% | 9.37% | |
| Max wkly drop | 24.55% | 18.34% | |
| 10Y | Growth | +343.94% | +807.02% |
| CAGR | +16.09% | +24.69% | |
| Sharpe ratio | 0.45 | 0.70 | |
| Max drawdown | 58.99% | 33.62% | |
| Max daily drop | 17.13% | 16.61% | |
| Max wkly drop | 24.55% | 18.34% |
Business comparison
| Category | SLAB | ADI |
|---|---|---|
| Company | Silicon Laboratories Inc. | Analog Devices, Inc. |
| Sector | Technology - IoT Wireless Semiconductors | Technology |
| Industry | N/A | Semiconductors |
| Core business | Silicon Laboratories (Silicon Labs) is a fabless semiconductor company focused on IoT wireless connectivity solutions — providing Bluetooth, Zigbee, Thread, Wi-Fi, Z-Wave, and Sub-GHz wireless chips and modules for smart home, industrial IoT, commercial building automation, and consumer electronics. Silicon Labs sold its infrastructure and automotive businesses to focus purely on IoT wireless. | Analog Devices is a global leader in analog, mixed-signal, and digital signal processing semiconductors — providing data converters, amplifiers, power management, RF components, and sensor signal conditioning chips for industrial automation, automotive electrification, healthcare monitoring, 5G communications, and defense/aerospace applications. |
| Investor focus | Investors track Silicon Labs' IoT revenue growth tied to smart home device adoption and industrial IoT deployments, wireless protocol leadership in Zigbee and Thread (critical for Matter smart home standard), operating margin expansion as the company scales its focused IoT business, and the dynamics of IoT wireless inventory corrections that have impacted near-term results. | Investors track Analog Devices' industrial revenue (largest segment), automotive content growth from electrification, 5G base station beamforming chips, healthcare and defense stability, gross margins (consistently above 60%), and the multi-year recovery from the 2023 industrial inventory correction. |
SLAB strengths
- →Matter standard leadership — Silicon Labs chips support the Matter smart home interoperability standard (backed by Apple, Google, Amazon, Samsung), positioning SLAB chips as the preferred IoT connectivity solution as Matter adoption grows
- →Multi-protocol flexibility — Silicon Labs' chips can run Bluetooth, Zigbee, Thread, and Z-Wave simultaneously using the same hardware, reducing customer design complexity for devices needing multiple wireless protocols
- →Industrial IoT and metering — Silicon Labs serves electricity meters, industrial sensors, and building automation controllers where long product lifetimes and wireless reliability matter more than consumer IoT cost sensitivity
ADI strengths
- →Precision analog performance leadership — ADI's data converters, amplifiers, and signal chain components command premium pricing in industrial, healthcare, and defense applications where performance is critical and qualified ADI parts cannot be easily substituted
- →End market diversification — industrial, automotive, communications, and consumer end markets with different demand cycles provide resilience versus single-market semiconductor companies
- →Maxim Integrated acquisition — the $21B acquisition added power management ICs and automotive analog chips, expanding ADI's total addressable market and cross-selling opportunities
Risks to watch — SLAB
- →IoT wireless inventory correction — the consumer electronics and smart home device market experienced significant channel inventory corrections in 2022-2023, reducing Silicon Labs' near-term chip demand even as long-term IoT growth continues
- →Small relative to diversified analog competitors — Silicon Labs has lower revenue and market cap than ADI, creating higher concentration risk in the IoT wireless niche
- →Competition from Nordic Semiconductor, NXP, and increasingly from platform giants (Amazon, Google) designing their own IoT chips for their smart home device ecosystems
Risks to watch — ADI
- →Industrial semiconductor correction — ADI's revenue declined significantly in 2023-2024 as industrial customers worked through excess chip inventory accumulated during the supply chain panic of 2021-2022
- →Large company integration complexity — the Maxim Integrated merger added organizational complexity and dilutive shares that take time to generate the projected synergies
- →Analog semiconductor is competitive at system level — while ADI's precision parts have high switching costs, full system analog designs may use competing suppliers' products for different components
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