Ophiocordyceps unilateralis sensu lato is a common pathogenic fungus in ants. The ant manipulation behavior of the O. unilateralis species complex has attracted great attention, and many species of O. unilateralis complex have been described. However, there are likely many unknown species in the O. unilateralis complex. This study describes a new fungus species on Camponotus sp. collected from China and Vietnam. Ophiocordyceps macroascus sp. nov. is described based on morphology and phylogenetic evidence from ve genes (nrSSU, nrLSU, tef-1α, rpb1, and rpb2). Ophiocordyceps macroascus was characterized by infected Camponotus sp. biting onto a leaf, multiple fertile cushions, perithecia immersed, asci wide and short, ascospores tapered at both ends, and conidiogenous cells cylindrical to lageniform. Both morphological observations and phylogenetic analyses support that this fungus is a distinct species in the core clade of O. unilateralis within the genus Ophiocordyceps. This study increased our knowledge of the colony, morphology and distribution in this group, and provided important taxonomic data further to explore the evolutionary relationship between fungi and hosts.