The annealing temperature is a key parameter for the mechanical properties and microstructure control of the 2195 Al-Li alloy sheet in the annealing process. In the present study, the effect of annealing temperature on the microstructure of 2195 Al-Li alloy sheet was investigated using a general mechanical testing machine, scanning electron microscope (SEM), transmission electron microscope (TEM), and backscattered electron microscope (EBSD). It was found that the optimized annealing temperature for 2195Al-Li alloy sheet of H112 state is 400°C, the alloy sheet shows the satisfactory mechanical properties. In addition, with the increase of annealing temperature, the δ' phase, the θ' phase and the T1 phase are formed in the alloy sheet, which leads to the strength of the alloy increase. Furthermore, the annealing temperature obviously affect the texture component and intensity during annealing treatment process.