Herein, a high‐performance β‐gallium oxide (β‐Ga2O3) metal–oxide–semiconductor field‐effect transistor (MOSFET) on sapphire substrate with a high breakdown voltage of more than 800 V and a high‐power figure of merit of more than 86.3 MV cm−2 is demonstrated. The atomic force microscopy (AFM) image and Raman peaks that are first characterized to ensure a nanomembrane with high quality are used for the device fabrication. A saturation drain current of 231.8 mA mm−1, an RON,sp of 7.41 mΩ cm2, an ON/OFF ratio of 108, and a subthreshold swing of 86 mV dec−1 are obtained at a channel doping concentration of 4.47 × 1017 cm−3 and a source‐to‐drain distance of 11.4 μm. Furthermore, a high breakdown voltage over 800 V is also achieved, corresponding to a record‐high direct current (DC) power figure of merit of 86.3 MW cm−2. Technology computer aided design (TCAD) simulation is also performed to extract the distribution of the electric field along the β‐Ga2O3 channel surface.