Preheat the oven to 400°F (200°C). Line a sheet pan with parchment paper for easy cleanup.
Prepare the chicken and veggies. Slice the chicken, bell peppers, and onion into thin strips.
Season everything. In a large bowl, toss the chicken and veggies with olive oil, chili powder, cumin, smoked paprika, garlic powder, onion powder, salt, and black pepper.
Spread evenly. Arrange the seasoned chicken and vegetables in a single layer on the sheet pan.
Bake for 18-20 minutes, or until the chicken is fully cooked and the vegetables are tender.
Broil for 2-3 minutes for a slightly charred, restaurant-style finish.
Squeeze fresh lime juice over the fajitas and garnish with cilantro.
Serve with warm tortillas and your favorite toppings.