In cable-stayed bridges, cables are the primary load-bearing components. The corrosion of high-strength steel wires within these cables can degrade their bearing capacity, which in turn impacts the safety and durability of long-span cable-stayed bridges. To address this concern, a three-dimensional random field model was proposed in this study to evaluate the residual bearing capacity of corroded cables. This model considers the random distribution of the strength of high-strength wires along both axial and cross-sectional directions caused by corrosion. Subsequently, a three-dimensional spatial correlation model was developed based on field test results from two stay cables in service on an actual bridge. This model represents the strength distribution of corroded high-strength steel wires within the cable. Finally, the evaluation model developed in this study was employed to assess the bearing performance of two corroded cables with different degrees of corrosion. The results were then compared with test outcomes. The results show that the proposed evaluation model can accurately estimate the bearing performance of corroded cables.