Conjugated polymer (CP) based microspheres of very high definition and outstanding photonic and luminescent properties are prepared by a technique based on slow solvent‐controlled diffusion into micelles formed by the surfactant cetyl(trimethyl)ammonium bromide (CTAB). Poly[(9,9‐di‐n‐octylfluorenyl‐2,7‐diyl)‐alt‐(benzo[2,1,3]thiadiazol‐4,8‐diyl)] (F8BT) and mixtures of F8BT with poly[2‐methoxy‐5‐(2’‐ethylhexyloxy)‐1,4‐phenylene vinylene (MEH‐PPV) are used for this purpose. Microspheres with diameters between 1 and 10 µm are obtained and structural characterization by AFM and SEM demonstrate good sphericity and low surface roughness. Correspondingly, spontaneous emission of the spheres exhibits Mie resonances of high quality factor (Q > 1800), appropriately reproduced employing standard Mie theory. Upon pumping the microspheres with a pulsed Nd:YAG laser operating at 355 nm lasing at low threshold fluences (≈ 4 µJ cm−2) is obtained with instrumentally limited linewidths corresponding to Q > 18000. Lasing in microspheres composed of blends of both CPs coupled by Förster resonant energy transfer (FRET), on the other hand, is observed at extremely low threshold fluences down to ≈ 0.5 µJ cm−2. Spherical structures based on appropriate blends of CPs are therefore promising candidates in the search for low‐threshold organic microlasers excited by light‐emitting diodes or diode lasers or for ultrasensitive optical sensing.