The tensile properties of a Ni-Co-based superalloy were investigated from room temperature to 900 °C. From 25 to 650 °C, the yield strength and tensile strength of the alloy decreased slightly, while the elongation decreased sharply. From 760 °C to 900 °C, the yield strength and tensile strength were greatly reduced, while the elongation also had a low value. With the increase in temperature, the deformation mechanism transformed from anti-phase boundary shearing to stacking fault shearing, and then from deformation twinning to Orowan bypassing, respectively. Deformation twins were generated in the deformed alloy with high-density stacking faults and they can contribute to the high strength. The alloy in this study has good mechanical properties and hot working characteristics below 760 °C and can be used as a turbine disk, turbine blade, combustion chamber, and other aircraft structural parts.