In order to address the challenge of early detection of cotton verticillium wilt disease, naturally infected cotton plants in the field, which were divided into five categories based on the degree of disease severity, have been investigated in this study. Canopies of infected cotton plants were analyzed with spectral data measured, and various preprocessing techniques, including multiplicative scatter correction (MSC) and MSC-continuous wavelet analysis algorithms, were used to predict the disease severity. With a combination of support vector machine (SVM) models with such optimization algorithms as genetic algorithm (GA), grid search (GS), particle swarm optimization (PSO), and grey wolf optimizer (GWO), a grading model of cotton verticillium wilt disease was established in this study. The study results show that the MSC-PSO-SVM model outperforms the other three models in terms of classification accuracy, and the accuracy, macro precision, macro recall, and macro F1-score of this model are 80%, 81.26%, 80%, and 79.57%, respectively. Among those eight models constructed on the basis of continuous wavelet analyses using mexh and db3, the MSC-db3(23)-PSO-SVM and MSC-db3(23)-GWO-SVM models perform best, with the latter having a shorter running time. An overall evaluation shows that the MSC-db3(23)-GWO-SVM model is an optimal model, with values of its accuracy, macro precision, macro recall, and macro F1-score indicators being 91.2%, 92.02%, 91.2%, and 91.16%, respectively. Moreover, under this model, the prediction accuracy on disease levels 1 and 5 has achieved the highest rate of 100%, with a prediction accuracy rate of 88% on disease level 2 and the lowest prediction accuracy rate of 84% on both disease levels 3 and 4. These results demonstrate that it is effective to use spectral technology in classifying the cotton verticillium wilt disease and satisfying the needs of field detection and grading. This study provides a new approach for the detection and grading of cotton verticillium wilt disease and offered a theoretical basis for early prevention, precise drug application, and instrument development for the disease.