This paper proposes a fractional-order sliding mode controller (FOSMC) for fixed-time stability of multimachine power systems. Fractional calculus has been applied in sliding mode control (SMC), which can better suppress the chattering phenomenon than traditional integer-order SMC. Hence, a FOSMC is proposed to regulate the excitation of synchronous generators to improve the transient stability of the power system. In addition, the FOSMC can maintain the multimachine power systems stabilization in an upper bound and measurable convergence time independent of the initial operating conditions of the power system. The Lyapunov function is implemented to demonstrate the stability of multimachine power systems under the FOSMC, and the upper bound convergence time of the power system is generally estimated. The New England 10-machine 39-bus power system is taken into simulation to test the effectiveness and superior performances of the FOSMC than existing control methods under different operating conditions. Meanwhile, the FOSMC with different orders are presented to verify that the FOSMC can better restrain the chattering phenomenon than traditional integer-order SMC. Simulation results show that the FOSMC can effectively reduce the chattering phenomenon and ensure the power system stabilization in an upper bound time, thus enhancing the dynamic performances of the power system.