The invention provides a ferrite sheet blanking die comprises a die set, an upper die assembly and a lower die assembly, wherein the die set comprises an upper die set and a lower die set, and the upper die set and the lower die set are connected through guide pillars; the upper die assembly is installed below the upper die set, and an upper waste discharging space is formed between the upper dieassembly and the upper die set; the lower die assembly is installed above the lower die set and provided with a lower waste discharging space between the lower die assembly and the lower die set; andthe upper die assembly has a downward movement blanking action with relative to the lower die assembly. According to the ferrite sheet blanking die,the blanking mode of blanking an annular semi-finished product inside the whole material of a long strip sheet is improved, the waste discharging space is adopted to eliminate the internal waste, and a flat material discharging plate is adopted to ensure that the annular semi-finished product can be embedded into the long strip-shaped integral waste after being blanked, continuous blanking is realized without taking materials and discharging waste,and the blanking efficiency is greatly improved.