Super Micro Computer Inc

SMCI remains in a confirmed Stage 4 decline under a sideways secular trend, with persistent lower highs and lower lows under declining EMAs. Medium-term bias is bearish, permitting only sell-side engagement, and short-term timing favors selling into rallies toward the 9/21 EMA zone. Despite extreme oversold readings, no clear exhaustion is evident, so selling now into pullbacks is appropriate.

• ↑Q3 FY2026 revenue of $10.2B rose 123% YoY, driven by AI infrastructure
• ↑Enterprise channel sales hit $2.8B (+46% YoY), now 28% of total revenue
• ↓Negative earnings yield and 11% gross margin raise value-trap concerns