Considering the linear elastic fracture mechanics and complex function theory, considering the non hydrostatic pressure field, the stress solutions of lining and surrounding rock of deep buried circular underground cavern with lining under the action of external internal pressure are studied. The fracture mechanics model of underground cavern supporting structure is established, and the numerical verification is carried out. The analytical solution of circular pressure cavern with lining shows that when the internal pressure is 0, it can degenerate into the existing classical solution. The results of finite element calculation and analytical calculation show that the tensile stress of lining is very large at the vault and arch bottom under the action of strong external supporting force. The calculation shows that the cracks of lining will expand and open under the action of tensile stress, and the lining is in the shape of “flat duck egg”, However, if there is no through rupture, there will be great stress concentration at the top and bottom of the arch, and the tensile stress value is much larger than that calculated by elastic mechanics. Therefore, it is a good method to configure a certain amount of reinforcement to enhance the stiffness and tensile strength of the lining.