The strength of unidirectionally reinforced carbon/epoxy composites (CFRP) subjected to the compressive impact load was measured by the Split Hopkinson Pressure Bar Method (S. H. P. B. M), then the effect of fiber orientation on the compressive impact strength was investigated. Stress of the specimen, caused by multiple reflected stress waves at its ends in contact with the incident bar and transmitter, was analysed based on one-dimensional stress wave theory. The resulting formulation can be used to evaluate either the linear or nonlinear stress-strain relation. The strength of a specimen of zero-degree fiber is the greatest. The strain of a specimen of 45-degree fiber is the largest. A split fracture parallel to the fiber appeared in the specimen of zero-degree fiber. Inclination of the fracture surface of specimens of 30-, 45- and 60- degree fiber is in alignment with the fiber orientation. Tat of 90 degrees is not. The impact strength is about 80 MPa larger than the static strength. In contrast, the dynamic elongation is smaller than the static elongation.