Intercropping increases the grain yield to feed the ever-growing population in the world. It has been proven that N-fertilizer postponed topdressing can boost the productivity of cereal/legume intercropping. However, whether the application of this technology to cereal/cereal intercropping can still increase grain yield is unclear. A field experiment was conducted from 2018 to 2020 in the arid region of northwestern China to investigate the accumulation and distribution of dry matter and yield performance of wheat/maize intercropping in response to N-fertilizer postponed topdressing approaches. Allocations that were subjected to topdressing at the jointing and 15 d post-silking stages using the amount of nitrogen fertilizer (N3) that is traditionally used for maize production used only 30% and 10% of the total amount nitrogen, respectively. The allocations of postponed topdressing treatments of the two N fertilizers at these two stages were 10% and 30% for N1, and 20% and 20% for N2. The results showed that the postponed topdressing N fertilizer treatments boosted the maximum average crop growth rate (CGR) of wheat/maize intercropping. The N1 and N2 treatments increased the average maximum CGR by 32.9% and 16.4% during the co-growth period, respectively, and the second average maximum CGR was increased by 29.8% and 12.6% during the maize recovery growth stage, respectively, compared with the N3 treatment. The N1 treatment was superior to other treatments, since it increased the CGR of intercropped wheat during the co-growth period and accelerated the CGR of intercropped maize after the wheat had been harvested. This treatment also increased the biomass and grain yield of intercropping by 8.6% and 33.7%, respectively, compared with the current N management practice. This yield gain was primarily attributable to the higher total translocation of dry matter. The intercropping system increased the translocation of dry matter to grain in vegetative organs, while the N fertilizer postponed topdressing promoted this effect. Therefore, the harvest index of intercropped wheat and maize with N1 was 5.9% and 5.3% greater than that of N3, respectively. This demonstrated that optimizing the management of N fertilizer can increase the grain yield from wheat/maize intercropping via the promotion of accumulation and translocation of dry matter.