Display panel and display device

A display panel is provided. The display panel comprises: a substrate; the separation structure is located on the substrate base plate; a recess extending into the separation structure; the color film is positioned on one side, far away from the substrate, of the separation structure; the lens layer comprises a plurality of lenses and is located on the side, away from the substrate, of the color film. The orthographic projection of each lens on the substrate is partially overlapped with the orthographic projection of the separation structure on the substrate. The concave part comprises a first concave part and a second concave part which are connected with each other. In a plan view of the display panel, a gap between two adjacent lenses of the plurality of sub-pixels is located in a region that at least partially overlaps a region having both the first recess and the second recess.