The invention discloses a pneumatic high-speed switch valve driven by giant magnetostriction, comprising a giant magnetostrictive actuator and a switch valve. The giant magnetostrictive actuator comprises a shell, a driving coil, a coil framework, a mandril, a giant magnetostrictive rod, an upper magnetic conduction body, a dished spring, a magnetic conduction sleeve, a lower magnetic conduction body and an adjusting bolt. The switch valve comprises a valve port plate, a cantilever core plug, a cantilever cover, a valve cover and a sealing gasket, wherein a cantilever simultaneously plays roles of amplifying displacement and serving as a valve plug and can realize automatic resetting. Due to a rectangular variable cross-section beam structure with optimized size, the valve plug is stressed more reasonably, and the equivalent mass is reduced. The thermal expansion coefficient of the coil framework is close to that of a material for making the giant magnetostrictive rod, and thus the influence of temperature rise on valve port output is restricted. The invention has the remarkable characteristics of small size, large flow, high frequency response, stable working performance, and the like.