<p>The geometry of cutting tools has a critical impact on the hole-making quality of carbon fiber-reinforced polyetheretherketone (CF/PEEK), which in turn significantly influences the mechanical properties and service life of connected components. Based on the cutting-edge decomposition, a double-angle drill with a double-top angle and an outer-edge tip is proposed. A comparative study is performed to evaluate the static tensile performance of drilled thermoplastic CF/PEEK using conventional twist and double-angle drills. The complex strain distribution around the hole edges is examined using the digital image correlation (DIC). The findings indicated that compared with the twist drill, CF/PEEK laminates drilled with the double-angle drill exhibit superior tensile performance, consistent with the lower degree of drilling-induced damage. Furthermore, drilling-induced damage is found to influence the surface strain distribution around the holes. Observed fiber fracture and crack propagation corresponded well with high-strain zones identified via DIC around the hole periphery. These findings provide useful guidance for evaluating machining quality and achieving low-damage drilling of thermoplastic composites.</p>