Precursor-derived silicon carbide (SiC) ceramics have been widely used as absorbing materials, but the residual carbon sink produced by ceramicization limits their application under high-temperature and oxygen-containing conditions, such as the nozzle or jet vane of high-speed aircraft. In this paper, a novel molybdenum carbide/silicon carbide (Mo₂C/SiC) microwave-absorbing ceramic with a two-dimensional sheet structure was obtained through the pyrolysis of polycarbosilane-coated molybdenum sulfide (PCS@MoS₂). The results indicate that addition of an appropriate amount of MoS₂ can react with the free carbon generated during the pyrolysis of PCS, thereby reducing the material’s carbon content and forming Mo₂C. Concurrently, the layered structural characteristics of MoS₂ are utilized to create a two-dimensional composite structure within the material, which enhances the material’s absorption vastly. The as-prepared Mo₂C/SiC ceramics sintered at 1300 °C exhibit a minimum reflection loss (RL_min) of −46.49 dB at 8.96 GHz with a thickness of 2.6 mm. Additionally, the effective absorption bandwidth (EAB) of Mo₂C/SiC spans the entire X-band (8–12 GHz) due to the combined effect of multiple loss mechanisms.