A series of novel modified waterborne polyurethane acrylate (WPU-EA) emulsions were prepared with isophorone diisocyanate (IPDI), polycarbonate diol, 2,2-bis-hydroxymethyl-propionic acid (DMPA), 1,4-butanediol (BDO), epoxy acrylate (EA), and pentaerythritol triacrylate (PETA). The structure of WPU-EA was confirmed by FTIR and ¹H NMR spectroscopy. The effects of different dosages of epoxy acrylate on the cured film were investigated by tensile properties, dynamic mechanical analysis and thermogravimetric analysis. The results indicate that with increasing content of epoxy acrylate, the average particle size of the emulsion gradually increases. With the rise in epoxy acrylate concentration from 0%, 3.0%, 6.0% to 9.0%, the gel fraction of the cured film increases from 83.7%, 92.5%, 93.0% to 93.6%, respectively, and the glass transition temperature rises from 90.3 °C, 107.5 °C, 141.9 °C to 146.6 °C. The tensile strength and the thermal stability of the cured film increases, and the elongation at break decreases. Moreover, the WPU-EA emulsions were sprayed on polycarbonate sheets and exhibited the advantages of high hardness, better gloss and good adhesion, which is promising for the application of plastic coatings.