Currently, the single-point incremental forming process often faces issues such as insufficient formability of the sheet metal and low strength of the formed parts. To address this problem, this study proposes a pre-aged hardening single-point incremental forming (PH-SPIF) process that offers several notable benefits, including shortened procedures, reduced energy consumption, and increased sheet forming limits while maintaining high mechanical properties and geometric accuracy in formed components. To investigate forming limits, an Al-Mg-Si alloy was used to form different wall angles during the PH-SPIF process. Differential scanning calorimetry (DSC) and transmission electron microscopy (TEM) analyses were conducted to characterize microstructure evolution during the PH-SPIF process. The results demonstrate that the PH-SPIF process can achieve a forming limit angle of up to 62°, with excellent geometric accuracy, and hardened component hardness reaching up to 128.5 HV, surpassing the strength of the AA6061-T6 alloy. The DSC and TEM analyses reveal numerous pre-existing thermostable GP zones in the pre-aged hardening alloys, which undergo transformation into dispersed β” phases during the forming procedure, leading to the entanglement of numerous dislocations. The dual effects of phase transformation and plastic deformation during the PH-SPIF process significantly contribute to the desirable mechanical properties of the formed components.