While IDEs may require more resources, they usually utilize them better.
Emacs is fundamentally single-threaded and not great at async things. With most of the logic written in a very slow non-JIT friendly language with naive blocking GC. Rendering pipeline is also a mess. Underlying internal datastructures are also very naive (which is a good thing when you implement things in C).
Things are slowly changing. emacs now is a lot better than 5 years. So may be in 10 years it will really rival more modern competitors in terms of performance.
Having said all this, emacs universality and extensibility keep me with it.