The study consists of two stages: machinability tests and metallographic examinations. In the first stage of the study, response surface methodology (RSM) optimization was performed for the main‐cutting‐force (Fc) and average surface roughness (Ra) values obtained as a result of turning tests. In the second stage, the wear performance of cutting tool tips with and without deep cryogenic treatment was explained with the support of SEM images, EDX, XRD, and microhardness analyses. As a result of ANOVA analysis, it was found that the most effective parameter on Fc was the feed rate, with 78.89%. As a result of RSM‐optimization, the lowest Fc value was found to be 339.99 N. The most effective parameter on Ra was found to be the feed rate at 69.38%. In terms of tool life, 15% and 11% improvements were achieved in uncoated and coated carbide cutting tools, respectively. As a result of Rieltveld's analysis, it was determined that cryogenic treatment increased the carbide percentages in the tools. As a result of microhardness measurements, it was observed that the hardness of uncoated and coated carbide tools increased by 4.6% and 5.15%, respectively, after cryogenic treatment.