The structural parts of construction machinery mostly fail due to impact load, but current research on the failure behavior of the impact load has not established a complete theoretical system. Based on wave theory and fracture mechanics, this paper analyzed the wave behavior of shock stress waves and established a model of shock stress wave propagation. Given the dynamic response behavior of the stress and strain field at the crack tip, dynamic fracture mechanics theory was used to solve the dynamic fracture strength stress factor and evaluate the dynamic fracture performance of the structure with crack damage under shock waves. Through dynamic response analysis and numerical calculation of the typical SHPB (split Hopkinson pressure bar) test standard compact tension (CT) specimens under the short-term strong shock stress wave, the stress and strain evolution law of the material under the shock wave was analyzed, and the correlation of the shock stress wave was verified. This research work can meet the requirements of engineering design and has practical engineering significance, playing an important role in material safety design.