SiC fiber reinforced titanium alloy matrix composites employed in elevated temperature aeroengine components are subjected to complex loading conditions. Investigating the shear performance of SiC fibers after heat treatment can help ensure the load-carrying capability of composites at service temperatures. This study presents a novel double shear testing method for W-core SiC fibers. The shear strength and stiffness of the SiC fibers in as-received and heat-treated conditions were measured. The morphologies of SiC fibers’ shear fracture surfaces and C coatings were thoroughly analyzed. The evolution of the internal microstructure and the composition of reaction layers after heat treatments were investigated. The shear strength of W-core SiC fibers at 95% survival probability reached 588.64MPa after 200 h of heat treatment at 600°Celsius, representing a 55% improvement over both the as-received and 1100°Celsius heat-treated conditions. After heat treatment at 1100°Celsius, the reaction layer between the W core and the SiC sheath thickened exponentially due to extensive elemental diffusion, resulting in the formation of numerous Kirkendall voids. The voids facilitated crack initiation and propagation, leading to a deterioration in fiber shear performance. The insights gained in this study regarding the shear properties of SiC fibers can provide support for predicting the mechanical performance of composites under complex loading conditions.