Pyrolysis is a promising technology for recycling waste printed circuit boards (WPCBs). This study delves into a real-time examination of the volatiles emitted from WPCBs during pyrolysis using thermogravimetric analysis coupled with Fourier transform infrared spectroscopy/mass spectrometry (TG-FTIR/MS), offering an in-depth analysis of the entire pyrolysis mechanism. An optimized kinetic model for printed circuit board (PCB) pyrolysis is developed by the shuffled complex evolution (SCE) algorithm. Results indicate that the main pyrolysis products are phenol and alkyl-substituted phenols, along with hydrogen bromide (HBr) and bromophenols. Bromides exhibit an earlier onset and peak temperature compared to phenolic products. The pyrolysis process can be divided into two stages: initial depolymerization of the resin body into macromonomers, followed by prevalent alkyl removal, homolytic reactions, and isomerization. The apparent activation energy (E) is 155.32 kJ/mol, the pre-exponential factor (ln(A)) is 29.77 min−1, and the kinetic mechanism function is described by (1‐α)2.02. This study provides crucial knowledge to advance the technology of WPCBs pyrolysis.