The utility model provides an incoherent spread spectrum multi-target telemetry receiving device, which comprises a measurement and control baseband module for receiving code division telemetry signals of the same frequency point; the intermediate frequency interface module is used for receiving the code division telemetry signal from the measurement and control baseband receiving module; the analog-to-digital AD sampling module is used for performing AD sampling on the code division telemetry signal subjected to gain adjustment so as to realize digital processing of the signal; the field-programmable gate array module comprises an automatic gain control module for performing gain adjustment on the code division telemetry signal; the intermediate frequency receiver is used for receiving the digitized code division telemetry signals and realizing demodulation and dispreading processing of different paths of telemetry signals according to different spreading codes; the telemetry processing unit is used for carrying out decoding, descrambling and frame synchronization operation on the demodulated and despread information; and the industrial personal computer computing platform is usedfor displaying and sending the telemetry data. The device can flexibly configure the number of telemetering receiving target signals in the same wave beam.