A new application of superplasticity was proposed in the manufacturing process of metal foams. Preform sheets were manufactured using superplastic 5083 aluminum alloy sheets through accumulative roll-bonding (ARB) process. Microcellular aluminum foam plates with 50% porosity were produced through solid-state foaming under the superplastic condition. The cell shape was oblate spheroid, which is effective to reduce the thermal conductivity. The present aluminum foam plates have a potential as an excellent heat insulator.