The invention discloses a method for manufacturing a [mu]26 composite magnetic powder core. The technical scheme is as follows: after two or more alloy powders from mechanically crushed sendust, aerosolized sendust, aerosolized iron-silicon, aerosolized iron-nickel and aerosolized iron-nickel-molybdenum are selected and are fully mixed, phosphoric acid passivation treatment and drying are performed, then one or more from silicon oxide, aluminum oxide, calcium oxide and magnesia calcinata, sodium silicate, and deionized water are successively added to the alloy powders subjected to the passivation processing and drying for insulation coating, and afterwards, the [mu]26 composite magnetic powder core is prepared after press molding, heat treatment and surface coating. The alloy powders used in the method have the advantages of mature technology, stable performance and relatively low cost so that the prepared magnetic powder core has quite high cost performance and stability. Such oxides as the silicon oxide, the aluminum oxide, the magnesia calcinata and the like and such inorganic materials as the sodium silicate and the like are used for coating adhesion so that the obtained composite magnetic powder core has the advantages of high stability, high reliability, low cost, high safety and facilitated production.