In this paper, an interesting thermally stable In 0.42 Al 0.58 As/In 0.46 Ga 0.54 As metamorphic high electron mobility transistor (MHEMT) is fabricated and investigated. Good dc and RF characteristics are obtained by precisely depositing gold (Au) upon the In 0.42 Al 0.58 As barrier layer as the Schottky contact metal. For a MHEMT with gate dimensions of 1 × 100 µm 2 , high gate-drain breakdown voltage, high turn-on voltage, low gate leakage current density, high maximum transconductance with broad operating regime and low output conductance are obtained even at ambient temperatures up to 510 K (240 • C). The studied device also shows a very good microwave performance at room temperature. Moreover, the relatively low variations of the device performance are achieved over a wide temperature range (from 300 to 510 K). Therefore, the studied device has a good thermally stable performance that is suitable for high-speed and high-power electronic applications.