The invention discloses a 90DEG C cracking-resistant moisture-resistant and flame-retardant polyethylene cable material and a preparation scheme thereof. The cable material is composed of the following components by weight: 60-90 parts of polyethylene, 10-20 parts of a vinyl copolymer, 10-20 parts of a compatilizer, 50-100 parts of a hydroxide flame retardant, 5-20 parts of sepiolite, 5-20 parts of a synergistic flame retardant, 1-3 parts of aminosilane, 1-3 parts of an antioxidant, 0.5-1.5 parts of an ultraviolet light absorber and 2-5 parts of a lubricant. The 90-DEG C cracking-resistant moisture-resistant and flame-retardant polyethylene cable material disclosed by the invention has the characteristics of resistance to a low temperature of -50DEG C, outstanding cracking resistance, insulativity and moisture resistance (volume resistivity of 70DEG C*168h after immersion), good flame retardance, low smoke, no toxicity and the like, also has the advantages of fast extrusion processingspeed, difficult generation of air holes, etc., and can be widely applied to an outer sheath layer of a 1kV-220kV cable.