Interfacial and microfailure properties of carbon fiber/epoxy composites were evaluated using both tensile fragmentation arid compressive Broutman tests with an aid of acoustic emission (AE). A monomeric and two polymeric coupling agents were applied via the electrodeposition (ED) and the dipping applications. A monomeric and a polymeric coupling agent showed significant and comparable improvements in interfacial shear strength (IFSS) compared to the untreated case under both tensile and compressive tests. Typical microfailure modes including cone-shaped fiber break, matrix cracking, and partial interlayer failure were observed under tension, whereas the diagonal slipped failure at both ends of the fractured fiber exhibited under compression. Adsorption and shear displacement mechanisms at the interface were described in terms of electrical attraction and primary and secondary bonding forces. For both the untreated and the treated cases AE distributions were separated well in tension, whereas AE distributions were rather closely overlapped in compression. It might be because of the difference in molecular failure energies and failure mechanisms between tension and compression. The maximum AE voltage for the waveform of either carbon or large-diameter basalt fiber breakages in tension exhibited much larger than that in compression. AE could provide more likely the quantitative information on the interfacial adhesion and mierofailure.