In this paper, 4 mm thick 7075 aluminum alloy was utilized for conducting laser-MIG hybrid welding tests to investigate the correlation between the dynamic behavior of keyholes and process-induced porosity. Additionally, the generation and inhibition mechanisms of process porosity were elucidated. Utilizing a high-speed camera test system of our own design, the formation position and movement characteristics of keyholes in the molten pool under different welding parameters were captured using a “sandwich” method. The dynamic behavior of keyholes during the hybrid welding process was analyzed, and the porosity of each welded joint was quantified, revealing an intrinsic relationship between keyhole dynamics and aluminum alloy laser-MIG hybrid welding porosity. The findings indicate that variations in the defocusing amount can influence both the morphology and stability of keyholes in the molten pool, consequently impacting welding porosity. The dynamic behavior of keyholes under different defocusing amounts can be categorized into five types: no keyhole formation, collapse of the keyhole root, complete instability of the keyhole, instability of the keyhole root, and stability of the keyhole. At a defocus of +12 mm, stable keyholes were observed, and no defects in the welded joints were identified.