Under hot dry rock development, rock formations undergo the combined challenges of cyclic loading and high temperatures, stemming from various sources such as cyclic hydraulic fracturing and mechanical excavation. Therefore, a fundamental understanding of how rocks fracture under these demanding conditions is fundamental for cyclic hydraulic fracturing technology. To this end, a series of three-point bending tests were conducted on granite samples. These tests entailed exposing the samples to cyclic loading under varying real-time high-temperature environments, ranging from 25 °C to 400 °C. Furthermore, different upper load limits (75%, 80%, 85%, and 90% of the peak load) obtained in monotonic three-point bending tests were used to explore the behavior of granite under these conditions. The analysis encompassed the study of load–displacement curves, elastic stiffness, and mode I fracture toughness under cyclic loading conditions. In addition, the microscopic features of the fracture surface were examined using a scanning electron microscope (SEM). The findings revealed notable patterns in the behavior of granite. Cumulative vertical displacement in granite increased with the growing number of cycles, especially at 25 °C, 200 °C, and 300 °C. This displacement exhibited a unique trend, initially decreasing before subsequently rising as the cycle count increased. Additionally, the critical damage threshold of granite exhibited a gradual decline as the temperature rose. As the temperature ascended from 25 °C to 200 °C, the damage threshold typically ranged between 80% and 85% of the peak load. At 300 °C, this threshold declined to approximately 75–80% of the peak load, and at 400 °C, it fell below 75% of the peak load. Within the temperature ranging from 25 °C to 300 °C, we noted a significant increase in the incidence of cracks, crystal microfracture zones, and the dislodging of mineral particles within the granite as the number of cycles increased.