The disclosure relates to a multi-camera imaging system, and a compensation method for image reconstruction. The main components of the multi-camera imaging system are an image capturing module having a multi-lens module and a multi-sensor module, and a distance adjustment unit automatically adjusting the distance between the multi-lens and multi-sensor modules. Note that the distance adjustment unit conducts compensation performed on the change of the system's focal length caused by temperature in the system. The multi-camera imaging system further includes a position-sensing module which is used to sense a displacement or change of the distance made by the distance adjustment unit. A set of image reconstruction parameters corresponding to the displacement or the change of distance is then provided.