An optical prism is a transparent optical element with flat, polished surfaces that are designed to refract light. At least one surface must be angled—elements with two parallel surfaces are not prisms. The most familiar type of optical prism is the triangular prism, which has a triangular base and rectangular sides. Not all optical prisms are geometric prisms, and not all geometric prisms would count as an optical prism. Prisms can be made from any material that is transparent to the wavelengths for which they are designed. Typical materials include glass, acrylic and fluorite.

A dispersive prism can be used to break white light up into its constituent spectral colors (the colors of the rainbow) to form a spectrum as described in the following section. Other types of prisms noted below can be used to reflect light, or to split light into components with different polarizations.

Dispersive prisms are used to break up light into its constituent spectral colors because the refractive index depends on wavelength; the white light entering the prism is a mixture of different wavelengths, each of which gets bent slightly differently. Blue light is slowed more than red light and will therefore be bent more than red light.

Spectral dispersion is the best known property of optical prisms, although not the most frequent purpose of using optical prisms in practice.

Reflective prisms are used to reflect light, in order to flip, invert, rotate, deviate or displace the light beam. They are typically used to erect the image in binoculars or single-lens reflex cameras – without the prisms the image would be upside down for the user.

Reflective prisms use total internal reflection to achieve near-perfect reflection of light that strikes the facets at a sufficiently oblique angle. Prisms are usually made of optical glass which, combined with anti-reflective coating of input and output facets, leads to significantly lower light loss than metallic mirrors.

Various thin-film optical layers can be deposited on the hypotenuse of one right-angled prism, and cemented to another prism to form a beam-splitter cube. Overall optical performance of such a cube is determined by the thin layer.

In comparison with a usual glass substrate, the glass cube provides protection of the thin-film layer from both sides and better mechanical stability. The cube can also eliminate etalon effects, back-side reflection and slight beam deflection.