As one of the key components of an electromagnetic pulse simulator, the peaking capacitor is coaxially constructed with a laminate structure utilizing alternative thin metal rings and polymer film dielectrics, which is designed as a part of the antenna. This paper presents a coaxial film capacitor with a novel structure to improve its flashover performance. First, the relationship between the capacitance and the capacitor’s structural parameters are deduced, and a theoretical basis of lengthening the polymer film dielectrics to enhance the flashover performance is discussed. Based on the theoretical analysis, two 150 pF, 3-layer coaxial film capacitors with different extended lengths for the polymer film dielectrics (10 and 60 mm) are designed and developed. For the capacitor with a 60 mm extended film dielectric, the polymethylmethacrylate rings are adhered to the thin metal rings to support the polymer film dielectrics using a soft adhesive. Electric field analyses show that a longer extended length could decrease the surface field at the edge of the polymer film dielectric by as much as 93%. Comparative insulation experiments show that the flashover voltage for the improved capacitor is 89.9% higher than the original one. The influence of the capacitor’s polymer extensions (including the polymer supporting rings and the film dielectrics) on the radiating field of a cone antenna is analyzed numerically, and the results show that only slight changes are introduced into the radiating field. Finally, a designed 350 pF, 20-layer coaxial film capacitor with lengthened film dielectrics is presented.As one of the key components of an electromagnetic pulse simulator, the peaking capacitor is coaxially constructed with a laminate structure utilizing alternative thin metal rings and polymer film dielectrics, which is designed as a part of the antenna. This paper presents a coaxial film capacitor with a novel structure to improve its flashover performance. First, the relationship between the capacitance and the capacitor’s structural parameters are deduced, and a theoretical basis of lengthening the polymer film dielectrics to enhance the flashover performance is discussed. Based on the theoretical analysis, two 150 pF, 3-layer coaxial film capacitors with different extended lengths for the polymer film dielectrics (10 and 60 mm) are designed and developed. For the capacitor with a 60 mm extended film dielectric, the polymethylmethacrylate rings are adhered to the thin metal rings to support the polymer film dielectrics using a soft adhesive. Electric field analyses show that a longer extended length cou...