The effect of stress concentrations on tensile fracture behavior of carbon-carbon (C/C) composites was investigated using circularly holed specimens and double-edge-notched (DEN) specimens. As for the circularly holed specimens, the tensile fracture stress was much higher than that estimated from the maximum stress criterion, which suggest that major stress relaxation mechanisms should exist. On the other hand, the linear elastic fracture mechanics can be applied to the DEN specimen, which means the damaged zone should be small enough compared with the notch length. In order to discuss the magnitude of the stress relaxation, damaged regions of the two kinds of testing geometry were estimated using the point stress criterion. The estimation led to remarkable difference in the size of the damaged regions, which will explain the difference in the magnitude of the stress relaxation. Through the observations of fractured specimen, it was deduced that not only the shear deformation but delamination along fiber bundles and opening of transverse crack would relax the stress concentrations. The other mechanism was also proposed based on the testing results, that is strength increase in the damaged region.