Super Micro Computer Inc. (NASDAQ:SMCI) reports third-quarter 2025 earnings after Tuesday’s market closes, and the numbers can't come soon enough.

Wall Street expects earnings per share of 50 cents on $5.42 billion in revenue, but few are holding their breath.

The stock has cratered 60.99% over the past year and is down 1.85% in the past month, despite a 7.79% gain year to date.

Last year, shares tripled as investors rushed into AI-fueled server demand, but the shine wore off fast. Allegations of accounting irregularities from Hindenburg Research, delayed financials, and razor-thin margins have battered confidence and wiped out over 80% of its market cap from peak levels.

Let's look at what the charts say about Super Micro Computer’s stock and how it's positioned heading into earnings.

SMCI Stock Chart Strongly Bearish Ahead Of Q3 Earnings

Chart created using Benzinga Pro

The technicals paint a bearish picture. SMCI stock, at $32.33, sits below all major moving averages. Its eight-day simple moving average is $34.07, 20-day is $33.33, 50-day is $36.55 and 200-day is a distant $41.03. That's a clean sweep of bearish signals.

The Moving Average Convergence Divergence (MACD) is firmly at a negative 0.82, confirming downward momentum. Meanwhile, the Relative Strength Index (RSI) is 45.38 – showing neither oversold nor bullish conviction.

The trend is strongly bearish, and SMCI stock continues to face heavy selling pressure.

Analyst Ratings Are Tepid – 7.5% Upside

Barclays, JPMorgan and Mizuho issued the three most recent ratings on April 30, with a consensus price target of $34.67 – just a 7.49% upside from current levels.

The stock holds a "Neutral" consensus rating as analysts stay cautious amid governance concerns and margin headwinds.

Price Action: Super Micro stock was trading at $32.47 at the time of publication.

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