Engineered geopolymer composites (EGC) have garnered significant attention from researchers as a new environmentally friendly building material with superior tensile properties, impact resistance, and high-temperature resistance. This study focuses on the investigation of the dynamic mechanical properties of a hybrid fiber reinforced lightweight EGC containing ceramsite (LW-EGC) after exposure to elevated temperatures and multiple impacts. The effects of temperature, steel fiber content, and ceramsite types were taken into consideration. The analysis encompassed multiple impact stress-strain curves, dynamic peak stress and strain evolution, energy absorption, damage evolution, damage morphology, and microstructure changes following exposure to elevated temperatures. The experimental results revealed a significant decrease in the number of impacts endured by LW-EGC-M as the temperature increased. After 200 °C, the LW-EGC-M experienced 15 impacts, while after 800 °C, it only endured 2 impacts. Both cumulative energy absorption and cumulative damage of LW-EGC exhibited an exponential growth pattern with an increasing number of impacts. Microstructural analysis unveiled the emergence of a new nepheline phase after exposure to elevated temperatures, while the calcite in the matrix demonstrated gradual decomposition. Moreover, elevated temperatures led to a decreased Si/Al ratio in the matrix. The complete melting of PVA fibers after exposure to elevated temperatures resulted in the production of numerous interconnected pores in the matrix, leading to a decline in the mechanical strength of LW-EGC. This phenomenon also contributed to the reduction of internal pore pressures and the release of local vapor pressure generated by elevated temperatures.