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TXN
Texas Instruments Incorporated · Technology
$322.86
+6.80% this month
VERSUS
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COMPARE
ADI
Analog Devices, Inc. · Technology
$434.46
+4.86% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
TXN
0
ADI
5
Comparison scoreboard
ADI LEADS 5/5AI Score
TXN 55.9
ADI ✓64.2
1Y Return
TXN +63.32%
ADI ✓+91.02%
Fwd P/E
TXN 31.99
ADI ✓28.28
Target Up.
TXN -3.18%
ADI ✓+7.96%
Op. Margin
TXN 37.82%
ADI ✓38.08%
Metrics last refreshed: 6/20/2026
Quick take
TXN vs ADI Stock Comparison: AI Score, Valuation, Performance and Upside
TI and ADI are the two largest pure-play analog semiconductor companies, competing across industrial and automotive markets. TI emphasizes manufacturing scale, diversification, and capital returns from 300mm CMOS fabs; ADI emphasizes performance, signal processing IP, and premium applications where precise measurement matters more than cost. Both are in an industrial inventory correction recovery phase, but TI's fab investment has compressed near-term free cash flow while ADI carries acquisition leverage from Maxim.
TXN vs ADI is a choice between the lowest-cost high-volume analog manufacturer (TI) and the highest-performance signal chain specialist (ADI) — TI wins on cost and diversification for commodity analog markets, while ADI wins on performance and precision for demanding industrial and scientific applications that tolerate higher prices.
Live analysis · updated 6/20/2026
ADI holds the edge across 5 of 5 key metrics in this comparison. ADI leads on both 1-year return (+91.02%) and forward P/E (28.28x vs 31.99x for TXN), a relatively favorable combination of momentum and valuation. ADI leads on both revenue growth (37.20%) and operating margin (38.08%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for ADI (+7.96%) than for TXN (-3.18%).
Normalized 1Y performance
TXN
ADI
Recent returns
TXN
ADI
Analyst price targets & sentiment
TXN · 31 analysts
STRONG BUYHOLDSTRONG SELL
Hold (2.6/5.0)
Price target range
analyst low$125.00
analyst mean$291.55
current price$322.86
-3.2% 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?
TXN may suit investors who:
- →prefer the world's largest analog IC manufacturer with 20+ years of consecutive dividend growth
- →value maximum customer diversification (100,000+ customers) eliminating concentration risk
- →want a capital-efficient analog compounder with the lowest manufacturing cost in the industry from 300mm fabs
- →are comfortable with near-term free cash flow compression from the multi-year fab capacity expansion investment
ADI may suit investors who:
- →prefer high-performance precision analog and signal chain leadership in demanding industrial and scientific markets
- →value Maxim integration expanding ADI's power management and interface IC content-per-system
- →want a premium analog specialist with strong pricing power in accuracy-sensitive applications
- →are comfortable with acquisition-related leverage and deeper industrial inventory correction exposure near-term
Performance & AI score
| Metric | TXN | ADI |
|---|---|---|
| AI score | 55.9 | 64.2 |
| AI rank | #243 | #73 |
| Latest close | $322.86 | $434.46 |
| 1M return | +6.80% | +4.86% |
| 6M return | +85.03% | +60.29% |
| 1Y return | +63.32% | +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 | TXN | ADI |
|---|---|---|
| 1Y ago | $16.28K (+62.8%) started 2025-06-18 | $18.92K (+89.2%) started 2025-06-18 |
| 5Y ago | $21.93K (+119.3%) started 2021-06-21 | $30.32K (+203.2%) started 2021-06-21 |
| 10Y ago | $87.85K (+778.5%) started 2016-06-20 | $109.21K (+992.1%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | TXN | ADI |
|---|---|---|
| Market cap | $274.05B | $203.5B |
| Trailing P/E | 51.56 | 62.08 |
| Forward P/E | 31.99 | 28.28 |
| Price/Sales | 10.89 | 11.23 |
| EV/Revenue | 15.35 | 16.39 |
| Analyst target | $291.55 | $451.03 |
| Target upside | -3.18% | +7.96% |
Growth, profitability & risk
| Metric | TXN | ADI |
|---|---|---|
| Revenue growth | 18.60% | 37.20% |
| Earnings growth | 31.30% | 110.50% |
| EPS growth | +31.30% | +110.50% |
| FCF margin | +5.79% | +30.37% |
| Operating margin | 37.82% | 38.08% |
| Profit margin | 29.11% | 26.01% |
| ROIC proxy | 32.35% | 9.64% |
| Return on equity | 32.35% | 9.64% |
| Dividend yield | 1.89% | 1.05% |
| Beta | 1.31 | 1.18 |
| Debt/equity | 83.74 | 25.81 |
| Current ratio | 4.46 | 1.75 |
| Quick ratio | 2.83 | 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
TXN max drawdown30.70%
ADI max drawdown15.99%
TXN max wkly drop14.60%
ADI max wkly drop11.24%
5Y risk snapshot
TXN max drawdown33.41%
ADI max drawdown32.20%
TXN max wkly drop17.97%
ADI max wkly drop18.34%
10Y risk snapshot
TXN max drawdown33.41%
ADI max drawdown33.62%
TXN max wkly drop17.97%
ADI max wkly drop18.34%
Performance metrics by period
| Period | Metric | TXN | ADI |
|---|---|---|---|
| 1Y | Growth | +62.77% | +89.18% |
| CAGR | +62.89% | +89.36% | |
| Sharpe ratio | 1.29 | 2.01 | |
| Max drawdown | 30.70% | 15.99% | |
| Max daily drop | 13.34% | 6.38% | |
| Max wkly drop | 14.60% | 11.24% | |
| 5Y | Growth | +94.51% | +182.96% |
| CAGR | +14.26% | +23.17% | |
| Sharpe ratio | 0.43 | 0.66 | |
| Max drawdown | 33.41% | 32.20% | |
| Max daily drop | 13.34% | 9.37% | |
| Max wkly drop | 17.97% | 18.34% | |
| 10Y | Growth | +565.78% | +807.02% |
| CAGR | +20.89% | +24.69% | |
| Sharpe ratio | 0.62 | 0.70 | |
| Max drawdown | 33.41% | 33.62% | |
| Max daily drop | 13.34% | 16.61% | |
| Max wkly drop | 17.97% | 18.34% |
Business comparison
| Category | TXN | ADI |
|---|---|---|
| Company | Texas Instruments Incorporated | Analog Devices, Inc. |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
| Core business | Texas Instruments (TI) is the world's largest analog and embedded processor semiconductor company, serving over 100,000 customers across industrial, automotive, personal electronics, communications, and enterprise markets. TI's strategy centers on owning its manufacturing through 300mm CMOS fabs, maintaining the most diverse customer base in analog semiconductors, and operating direct-to-customer distribution that maximizes margins. The company is in a multi-year $15B+ capacity expansion to serve the secular growth of analog content in vehicles and industrial equipment. | Analog Devices (ADI) designs high-performance analog, mixed-signal, and digital signal processing (DSP) ICs for industrial automation, communications infrastructure, healthcare, and automotive markets. Following the $21B acquisition of Maxim Integrated in 2021, ADI became the #2 analog semiconductor company globally. ADI's differentiation is in high-performance signal chain solutions — precision data converters, RF ICs, and power management — for demanding industrial and scientific applications where performance matters more than cost. |
| Investor focus | Investors track TI's free cash flow per share growth, manufacturing utilization as the inventory correction cycle resolves, automotive and industrial revenue mix (target end-markets), and capital allocation through the company's long-standing commitment to returning all free cash flow to shareholders via dividends and buybacks. | Investors track ADI's industrial and automotive revenue recovery from the prolonged inventory correction, gross margin sustainability above 60%, the Maxim integration benefits (cross-selling and cost synergies), and free cash flow conversion relative to the dividend and buyback program. |
TXN strengths
- →Largest 300mm analog manufacturing capacity in the world gives TI the lowest cost analog chip production advantage
- →Extremely diversified customer base (100,000+ customers, no customer >10% of revenue) eliminates customer concentration risk
- →Longest-running capital return commitment in semiconductors — over 20 consecutive years of dividend growth
ADI strengths
- →Leading market share in high-performance precision analog (data converters, amplifiers) used in industrial, medical, and defense applications
- →Maxim acquisition expanded ADI's power management and interface IC portfolio, increasing content-per-system opportunities
- →Strong R&D moat in signal processing IP developed over decades, enabling premium pricing in performance-sensitive applications
Risks to watch — TXN
- →Multi-year fab expansion investment is compressing near-term free cash flow and ROIC, which some investors view as misallocated capital
- →Inventory correction in industrial and automotive channels has significantly reduced utilization and revenue since 2022
- →ADI and Infineon are both investing in similar analog IC markets, creating competitive pricing pressure during industry downturns
Risks to watch — ADI
- →Industrial automation market downturn has been deeper and more prolonged than anticipated, pressuring revenue and margins
- →Maxim integration added financial leverage that reduces flexibility during downturns versus TI's debt-light balance sheet
- →TI's growing 300mm capacity advantage creates a long-term cost competitive threat in commodity analog market segments
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