In this paper, the low and the high frequency noises of a laser diode have been analyzed. Based on the analysis a novel scheme that adapts analog and digital hybrid techniques is proposed to stabilize the output power of a laser diode. With the hybrid controller, the low and the high frequency noises of a laser diode are conspicuously reduced. By accurate calculation, the short-term stability of the output power of laser diode reaches ±0.55‰, and the long-term stability is ±0.7‰. Supported by the National Natural Science Foundation of China (Grant No. F600077007) & Youth Science Foundation of Heilongjiang University (Grant No. QL200410)