The rapid development of near‐infrared (NIR) spectroscopic techniques has greatly stimulated the discovery of novel broadband NIR‐emitting phosphors as advanced light sources. Herein, a novel double‐perovskite phosphor La2MgHfO6:Cr3+/Yb3+ that displays ultra‐broadband NIR emissions with a full‐width at half maximum (FWHM) of 333 nm is reported. The remarkable luminescence property stems from the multiple crystallographic sites, relatively weak crystal field, and efficient Cr3‐to‐Yb3+ energy transfer (ET). The site occupation of Cr3+ is elaborately verified by the Rietveld refinement and first‐principles calculation. By controlling the ET process, the internal/external quantum efficiency (IQE/EQE), bandwidth, and thermal stability of NIR emissions are substantially improved. The as‐prepared phosphors are further integrated into a miniaturized NIR light‐emitting diode (LED) package, demonstrating superior performance in rapid nondestructive detection of structural failure in thin electronic cables. The results described here provide a novel pointcut for designing broadband NIR‐emitting phosphors with desired optical properties toward applications in industrial inspection and medical diagnosis.