We propose a method, based on the Mountaineering Team-Based Optimization (MTBO) algorithm, to extract the small-signal model parameters of a GaN HEMT. Traditional optimization algorithms, like Particle Swarm Optimization (PSO) and the Grey Wolf Optimizer (GWO), tend to remain trapped in local optima and have slow convergence speeds during parameter extraction. To overcome these limitations, dynamic parameter control strategies are introduced by the MTBO algorithm. Four key mechanisms are governed by these strategies, including Coordinated Mountaineering, Disaster Response, Synergized Disaster Resilience, and Member Replacement. Both global search capability and convergence stability in the optimization process are significantly enhanced by this approach. A GaN HEMT small-signal equivalent circuit model is constructed, with the intrinsic parameters extracted and optimized through the application of the MTBO algorithm. A comparative analysis is conducted using the PSO and GWO algorithms. Experimental results show that, within the frequency range of 0.5–20.5 GHz, the MTBO algorithm outperforms the PSO and GWO algorithms in both S-parameters fitting accuracy and convergence speed, providing a more accurate representation of the device characteristics.