ABSTRACTGlobal warming has led to more frequent extreme weather events, such as heavy summer rains, in the Huang‐Huai‐Hai region. These events significantly impede the growth and development of waxy maize in the area and disrupt the stable progression of the industry. However, there is a lack of effective agricultural measures to mitigate the impact of waterlogging, and the underlying regulation mechanisms remain unclear. To fill this knowledge gap, we conducted a two‐year experiment to assess whether exogenous EDAH (a mixture of ethephon and diethyl aminoethyl hexanoate (DA‐6), ethephon: DA‐6 = 27%: 3%) application during the waxy maize V6 stage, combined with 10 days of waterlogging treatment at the V6, VT and R2 growth stages. The results indicate that exogenous EDAH mitigates the adverse effects of waterlogging stress to a certain extent. It is noteworthy that exogenous EDAH increases the leaf area index and photosynthetic parameters of waxy maize, enhances the activity of catalase in ear leaves at the R3 stage, inhibits the accumulation of malondialdehyde and delays premature aging of plants. Furthermore, exogenous EDAH delays premature ripening of grains caused by waterlogging, increases the moisture content of fresh waxy maize grains during the fresh edible period, but does not effectively mitigate the yield losses caused by waterlogging. However, exogenous EDAH effectively improves grain quality under waterlogging stress, increasing the soluble sugar content and total protein content while reducing starch content, ultimately enhancing the edibility of fresh ears. Through TOPSIS comprehensive evaluation, it can be inferred that exogenous EDAH effectively mitigates the overall impact of waterlogging on waxy maize at both the V6 and VT stages. This research sheds light on potential strategies to mitigate the adverse effects of waterlogging on agricultural productivity and grain quality.