Abstract Photodynamic therapy (PDT) leveraging near‐infrared‐II (NIR‐II) light holds promise for deep‐tissue cancer treatment, yet conventional photosensitizers (PSs) suffer from low singlet oxygen ( 1 O 2 ) quantum yields due to inefficient intersystem crossing (ISC) and short‐lived triplet states, hindering PDT effectiveness and subsequent immunogenic cell death (ICD) induction. Herein, a dual‐optimized PS is reported by intercalating I‐functionalized isophthalic acid (I‐IPA) into ZnAl‐LDH interlayers (LDH@I‐IPA) for NIR‐II PDT/immunotherapy. LDH‐mediated confinement effect not only narrows the bandgap for effective NIR‐II excitation, but also prolongs its triplet lifetime by 3 orders of magnitude through suppressing reverse intersystem crossing (RISC). Combined with I‐induced heavy‐atom effect promoting ISC, LDH@I‐IPA achieves a record‐high relative 1 O 2 quantum yield of 1.89. After polyethylene glycol (PEG) modification, LDH@I‐IPA‐PEG demonstrates potent tumor apoptosis and ICD, suppressing primary/metastatic tumors by 99.5%/52.2% through dendritic cell maturation, macrophage polarization, and cytotoxic T‐cell activation. Theoretical calculations and transcriptomic analysis confirm bandgap engineering, RISC inhibition, and immune pathway regulation.