Texture and microstructure evolution of ingot and twin-roll casted Mg–Al–Mn magnesium sheets were examined during deep drawing at elevated temperatures. The twin-roll casted sheets possessed smaller grain sizes and weaker basal intensity levels than the ingot-casted sheets. The strength and elongation at room temperature for the twin-roll casted sheets were greater than those of the ingot-casted sheets. At elevated temperatures, the ingot-casted sheets showed better elongation than the twin-roll casted sheets. Different size and density of precipitates were examined using transmission electron microscopy (TEM) for both ingot-casted and twin-roll-casted sheets. The deep drawing process was also carried out at various working temperatures and deformation rates, 225 °C to 350 °C and 30 mm/min to 50 mm/min, respectively. The middle wall part of cups were mainly tensile deformation, and the lower bent regions of drawn cups were most thinned region. Overall, the ingot-casted sheets revealed better deep drawability than the twin-roll casted sheets. Microstructure and texture evolution of the top, middle and lower parts of drawn cups were investigated using electron backscatter diffraction. Increased deformation rate is important to activate tensile twins both near the bent and flange areas. Ingot casted sheets revealed more tensile twins than twin-roll casted sheets. Increased working temperature is important to activate non-basal slips and produce the DRXed grain structure in the flange. Dynamic recrystallization were frequently found in the top flanges of the cups. Both tensile twins and non-basal slips contributed to occurrence of the dynamic recrystallization in the flange.