The invention discloses a waste cable processing device, and the device comprises a machine body; a peeling device is arranged at the left end of the interior of the machine body, a take-up device is arranged at the right end of the machine body, and the peeling device comprises a first box body, a heating pipe, a fixed rod, a movable groove, a threaded rod, a rocking handle, a bearing, a movable block, a fixed column, a cutting tool bit and a drawing box; a first box body is arranged on the outer side of the peeling device, and a heating pipe is arranged at the upper end of the left side in the first box body. According to the waste cable processing device, the cutting tool bit is arranged to be matched with the three-edged blade to cut open in all directions, and the auxiliary cutting tool is arranged to transversely cut off a leather sheath cut open on the left side, so the leather sheath of a waste cable is cut into chippings, and stripping of the cable and a copper wire is more complete; a separated copper wire is wound into a roller through the wire winding roller, and the heating pipe is arranged, so the leather sheath on the outer side of the cable is heated and softened, and the leather sheath on the outer side of the waste cable is cut more smoothly; the clamping piece is arranged and matched with the rotating wheel and the connecting piece, so a copper wire is prevented from being separated from the wire clamping groove.