Aspheric cylindrical lenses, including fast axis collimators (FACs), are commonly used to collimate laser beams in the fast axis direction. Precision glass molding (PGM) is applied in the production of these optical lenses due to its high accuracy and efficiency. However, the profile errors and surface topography transferred from the mold reduce the optical performance of aspheric cylindrical lenses. In this paper, the surface errors of a FAC fabricated by combining ultraprecision diamond cutting and precision glass molding are analyzed. An optical simulation model is then established to qualitatively analyze the effects of tool marks on the optical defects, and the numerical calculations are carried out to determine the relative intensity distribution of light spots. Experiments are conducted to verify the theoretical results, which prove that the tool marks cause diffractive fringes and that the geometric parameters of the tool marks that are caused by cutting conditions affect the distribution of the fringe line defects. Finally, the critical conditions to eliminate diffractive fringes and improve the optical performance of the FAC are determined based on the experimental results.