The invention discloses a high-necking end cap and a machining die thereof. The high-necking end cap is provided with a first necking, a second necking and a through hole. The machining die of the high-necking end cap is provided with an upper die holder, an upper die plate, an upper pad, a stop plate, springs, a piercing punch, an upper die drawing punch, a stripper plate, a lower die plate, a lower clamping plate, a lower pad, a lower die holder, a lower table, lower die UV(ultraviolet) adhesives and a lower die drawing punch. The necking quantity of the high-necking end cap is large, and the necking diameter can be larger than the necking quantity. The machining die can be used for completing necking at one step, and the situation of completing necking by multiple steps in the prior art is changed. Spring stress is replaced by elastic UV adhesives on the lower die of the machining die, stress in machining of the high-necking end cap is controlled precisely, the necking size is controlled accurately, excessive machining is avoided, defect of cracking is eliminated, quality of products is stable, production efficiency is high and production cost is low.