The invention discloses a CNC cutting tool. The CNC cutting tool comprises an integrated body and a cutting edge. One end of the body is the fixing end of the cutting tool, and the other end of the body is the cutting end; and the outer contour of the cutting end is the same with the contour of a to-be-machined aperture, the cutting edge is the last edge of the cutting end, and the end face of the cutting end is an internal concave hook face. According to the CNC cutting tool, the invention further provides a CNC machining method. The CNC machining method comprises the following steps that (1), through a common drill or a milling cutter, a to-be-machined part is subjected to rough treatment; (2), main shaft rotation is stopped, the CNC cutting tool is switched, and the orientation of the CNC cutting tool is positioned; (3), the cutting tool falls quickly to conduct punching; and (4), the cutting tool is raised up, and machining is finished. According to the CNC cutting tool and CNC machining method, tool breaking is not prone to happening, so that a defective product owing to tool breaking is not produced, the machining speed is quick, and the service life of the cutting tool is long.