Microstructure variation of spray-formed Si-30%Al alloy during densification process by hot pressing was studied. The results indicate that the microstructure of as-deposited preforms is fine and homogenous. The primary silicon phases distributing in aluminium matrix evenly are fine and irregular. Aluminium matrix is divided into two groups: supersaturated α-Al phase or α-Al phase and Al-Si pseudo-eutectic phase or Al-Si eutectic phase. During hot pressing, the primary silicon and the aluminium matrix realign as follows: the primary silicon fractures at a given compressive stress, the particles congregates in microzone with increasing stress, and the aluminium matrix flows and connects in harness. Al-Si pseudo-eutectic phase turns into Al-Si eutectic phase due to the diffusion of atoms during densification process.