Accelerating climate change and extreme temperature events urge us to better understand the potential of populations to tolerate and adapt to thermal challenges. Interspecific hybridization can facilitate adaptation to novel or extreme environments. However, predicting the long-term fitness effects of hybridization remains a major challenge in evolutionary and conservation biology. Experimental evolution with microbes provides a powerful tool for tracking adaptive processes across hundreds of generations in real time. Here, we investigated thermal adaptation dynamics of four species of budding yeast (Saccharomyces) and their interspecific F2 hybrids, for 200 generations under extremely cold (5C) and warm (31C) conditions. We found significant variation in the evolutionary potential of species and hybrids. Cold-tolerant species showed larger fitness increases in warm temperature, whereas warm-tolerant species showed larger fitness gains in cold temperature. By far the largest fitness improvements occurred in hybrids, with some populations nearly quadrupling in fitness in the cold environment over the course of experimental evolution. Some hybrids exceeded both their parents in thermal adaptive potential. Reciprocal transplanting of evolved populations from the endpoint of evolution into opposite temperatures revealed that hybrids generally have greater resilience than their parents when challenged with sudden temperature shifts. Our results highlight that hybridization alters the fitness outcomes of long-term adaptation to extreme environments and may render populations more resilient to sudden environmental change, presenting both opportunities and challenges for conservation and sustainable agriculture.