The invention relates to a model cutting device for a mobile phone heat dissipating graphite sheet. The device comprises a first model cutting unit, a first waste discharging unit, a double-face adhesive tape laminating unit, a second model cutting unit, a single-face adhesive tape separating unit and a third model cutting unit which are sequentially arranged in the moving direction of a materialbelt. The graphite sheet laminated on single-face adhesive tape is formed in a model cutting manner in the first model cutting unit. After outer frame waste materials of the graphite sheet are discharged through the first waste discharging unit, in the double-face adhesive tape laminating unit, double-face adhesive tape with a release film and the graphite sheet are laminated, locating and punching are carried out in the second model cutting unit, and after single-face adhesive tape is discharged through the single-face adhesive tape separating unit, the third model cutting unit carries out punching on the double-face adhesive tape. Compared with the prior art, at first, the single-face adhesive tape serves as a material belt carrier, model cutting forming of the graphite sheet is achieved, then the release film serves as the material belt carrier, model cutting forming of the double-face adhesive tape is achieved, the fragmentation rate and the machining difficulty of the graphite sheet are reduced greatly, and the quality and the production efficiency of finished products are improved.