The formulation of dry hobbing processing parameters depends heavily on mass experiments and the experiences of skilled technicians, and the use of unsuitable parameters will lead to high cost, low efficiency and severe precision defects. To resolve this issue, a helical gear processing parameter optimization method (PPOM-HG) is proposed in this paper. First, an efficiency-cost-accuracy triple-target optimization model is established. A manufacturing efficiency model is established through a detailed analysis of the geometric trajectory of a hob. A helical gear manufacturing cost model is established by analyzing the power curve of the hobbing machine and the hob’s lifetimes under various processing parameters. A modified correlation analysis random forest (CARF) model is designed for predicting gear machining precision, which replaces the traditional empirical precision function. Then, for searching for the optimal solution of the established efficiency-cost-precision triple-target model, an adaptive multiobjective fusion evolutionary algorithm (AMFEA) with adaptive evolution parameters is proposed. Finally, via many helical gear machining experiments, the validity and advantages of the proposed CARF and AMFEA methods are demonstrated, and the selection strategy of the Pareto front solution under various conditions is discussed.