Highly efficient deep‐blue fluorescent materials based on phenylquinoline–carbazole derivatives (PhQ‐CVz, MeO‐PhQ‐CVz, and CN‐PhQ‐CVz) are synthesized for organic light‐emitting diodes (OLEDs). The materials form high‐quality amorphous thin films by thermal evaporation and the energy levels can be easily adjusted by the introduction of different electron‐donating and electron‐withdrawing groups on carbazoylphenylquinoline. Non‐doped deep‐blue OLEDs that use PhQ‐CVz as the emitter show bright emission (Commission Internationale de L'Éclairage (CIE) coordinates, x = 0.156, y = 0.093) with an external quantum efficiency of 2.45%. Furthermore, the material works as an excellent host material for 4,4′‐bis(9‐ethyl‐3‐carbazovinylene)‐1,1′‐biphenyl dopant to get high‐performance OLEDs with excellent deep‐blue CIE coordinates (x = 0.155, y = 0.157), high power efficiency (5.98 lm W−1), and high external quantum efficiency (5.22%).