Previous studies on the modification of fast-growing wood have extensively examined the effects of density and lignin content on the strength and high-temperature properties of modified wood. However, a comprehensive quantitative analysis of their effects on high-temperature performance remains insufficient. To address this knowledge gap, we applied alkali treatment and compression densification to fast-growing poplar, resulting in modified specimens with varying densities and lignin levels. The quantitative effects of density and lignin content on high-temperature properties were meticulously evaluated. Chemical changes were analyzed using Fourier transform infrared spectroscopy (FT-IR), while the mechanical and high-temperature properties were comprehensively assessed. Delignification was found to be positively correlated with treatment duration, with hemicellulose degradation also detected via FT-IR analysis. Significant enhancements were recorded in flexural strength, tensile strength, and modulus of elasticity, accompanied by improvements in ductility ratio and compressive strength. The modified poplar wood exhibited increased thermal stability at elevated temperatures. Furthermore, density and lignin content were identified as significant factors affecting high-temperature performance, establishing minimum density thresholds for various lignin contents in modified poplar wood to ensure optimal performance. This study enhances to the understanding of the intricate relationships among wood properties, modification techniques, and high-temperature performance.