Carbon fibers are widely used as a reinforcement in composite materials because of their high specific strength and modulus. Current trends toward the development of carbon fibers have been driven in two directions; ultrahigh tensile strength fiber with a fairly high strain to failure (similar to 2%), and ultrahigh modulus fiber with high thermal conductivity. Today, a number of ultrahigh strength polyacrylonitrile (PAN)-based (more than 6 GPa), and ultrahigh modulus pitch-based (more than 900 GPa) carbon fibers have been commercially available. In this study, the tensile strengths of PAN- and pitch-based carbon fibers have been investigated using a single filament tensile test at various gauge lengths ranging from 1 to 250 mm. Carbon fibers used in this study were ultrahigh strength PAN-based (T1000GB, IM600), a high strength PAN-based (T300), a high modulus PAN-based (M60JB), an ultrahigh modulus pitch-based (K13D), and a high ductility pitch-based (XN-05) carbon fibers. The statistical distributions of the tensile strength were characterized. It was found that the Weibull modulus and the average tensile strength increased with decreasing gauge length, a linear relation between the Weibull modulus, the average tensile strength and the gauge length was established on log-log scale. The results also clearly show that for PAN- and pitch-based carbon fibers, there is a linear relation between the Weibull modulus and the average tensile strength on log-log scale.