The present invention discloses a hericium erinaceus and yellow peach yogurt processing method and belongs to the beverage processing field. The hericium erinaceus and yellow peach yogurt processing method is characterized by comprising the following processing processes: raw material selecting, soaking, pre-cooking, pulp grinding, filtering, ingredient blending, sterilizing, cooling, inoculating, sub-packaging, fermenting, refrigerating, inspecting, finished product obtaining, and packaging. The beneficial effects of the hericium erinaceus and yellow peach yogurt processing method are as follows: the hericium erinaceus and yellow peach yogurt is milky white in color, mellow in fruit fragrance, delicate, smooth and tender in mouthfeel, and sour, sweet and palatable in taste, and has a special delicate and fragrant flavor of the hericium erinaceus and yellow peach fermented yogurt. The product is rich in nutrition and delicious in taste, also has efficacies of delaying aging, beautifying features and protecting skin, and lowering cholesterol, and is convenient for consumption, refreshing and smooth in mouthfeel, and unique in flavor.