Female accounts for approximately 50% of the total population worldwide and many of them had breast cancer. Computer‐aided diagnosis frameworks could reduce the number of needless biopsies and the workload of radiologists. This research aims to detect benign and malignant tumors automatically using breast ultrasound (BUS) images. Accordingly, two pretrained deep convolutional neural network (CNN) models were employed for transfer learning using BUS images like AlexNet and DenseNet201. A total of 697 BUS images containing benign and malignant tumors are preprocessed and performed classification tasks using the transfer learning‐based CNN models. The classification accuracy of the benign and malignant tasks is completed and achieved 92.8% accuracy using the DensNet201 model. The results thus achieved compared in state of the art using benchmark data set and concluded proposed model outperforms in accuracy from first stage breast tumor diagnosis. Finally, the proposed model could help radiologists diagnose benign and malignant tumors swiftly by screening suspected patients. This research aims to detect benign and malignant cancer automatically using breast ultrasound (BUS) images. Two pretrained deep convolutional neural network models were employed for transfer learning using BUS images such as AlexNet and DenseNet201.