A polyurethane/clay (PU/clay) composite was synthesized. The microstructure of the composite was examined by scanning electron microscopy. The impact properties of the composite were characterized by impact testing. The study on the structure of the composite showed that clays could be dispersed in the polymer matrix well apart from a few of clusters. The results from mechanical analysis indicated that the impact properties of the composite were increased greatly in comparison with pure polyurethane. The investigation on the mechanical properties showed that the impact strength could be obviously increased by adding 20 wt% (by weight) clay to the matrix.