With the increasing use of finite element analysis method in sheet forming simulations, springback predictions of advanced high strength steel (AHSS) sheet are still far from satisfactory precision. The main purpose of this paper was to provide a method for accurate springback prediction of AHSS sheet. Material model with Hill’48 anisotropic yield criterion and nonlinear isotropic/kinematic hardening rule were applied to take account the anisotropic yield behavior and the Bauschinger effect during forming processes. U-channel forming and springback simulation was performed using ABAQUS software. High strength DP600 sheet was investigated in this work. The simulation results obtained with the proposed material model agree well with the experimental results, which show a remarkable improvement of springback prediction compared with the commonly used isotropic hardening model.