TiO2@CoAl‐layered double hydroxide (LDH) core–shell nanospheres are fabricated via hydrothermal synthesis of TiO2 hollow nanospheres followed by in situ growth of CoAl‐LDH shell, which exhibit an extraordinarily high photocatalytic activity toward oxygen evolution from water oxidation. The O2 generation rates of 2.34 and 2.24 mmol h−1 g−1 are achieved under full sunlight (>200 nm) and visible light (>420 nm), respectively, which are among the highest photocatalytic activities for oxygen production to date. The reason is attributed to the desirable incorporation of visible‐ light‐active LDH shell with UV light‐responsive TiO2 core for promoted solar energy utilization. Most importantly, the combined experimental results and computational simulations reveal that the strong donor–acceptor coupling and suitable band matching between TiO2 core and LDH shell facilitate the separation of photoinduced electron‐hole pairs, accounting for the highly efficient photocatalytic performance. Therefore, this work provides a facile and cost‐effective strategy for the design and fabrication of hierarchical semiconductor materials, which can be applied as photocatalyst toward water splitting and solar energy conversion.