The evolution of in situ elastic strain with cyclic tensile loading in each phase of a single Al₂O₃-fiber/aluminum-matrix composite was studied using neutron diffraction (ND). An analytical model appropriate for metal matrix composites (MMCs) was developed to connect the measured axial strain evolution in each phase with the possible micromechanical events that could occur during loading at room temperature: fiber fracture, interfacial slipping, and matrix plastic deformation. Model interpretation showed that the elastic strain evolution in the fiber and matrix was governed by fiber fracture and interface slipping and not by plastic deformation of the matrix, whereas the macroscopic stress–strain response of the composite was influenced by all three. The combined single-fiber composite model and ND experiment introduces a new and quick engineering approach for qualifying the micromechanical response in MMCs due to cyclic loading and fiber fracture.