Disclosed is an LED flashlight which comprises a lamp barrel and a lamp head component. The lamp barrel has a second opening end, the lamp head component is arranged at a first opening end and comprises a radiator, a battery limiting frame, an LED driving plate, an LED substrate, a transparent cover, a reflection cup and a battery cover component, the radiator is contained in the lamp barrel and arranged closely to the first opening end, the battery limiting frame is fixedly connected with one end, away from the first opening end, of the radiator, the LED driving plate is connected between the radiator and the battery limiting frame in an abutted manner, the LED substrate is fixed at one end, close to the first opening end, of the radiator, first LEDs and second LEDs are arranged on the LED substrate, the first LEDs are annularly arranged, the second LEDs are arranged at the center of a ring, the transparent cover is rotatably arranged at the first opening end of the lamp barrel and has a third opening end and a fourth opening end, the third opening end is connected with the first opening end of the lamp barrel, the reflection cup has a light inlet and a light outlet opposite to the light inlet, the light outlet is detachably connected with the fourth opening end of the transparent cover, and the battery cover component is arranged at the second opening end. The LED flashlight has a function of spotlighting and a function of all-round lighting.