The stability analysis of a model for a laser system with two modulated saturable absorbers, each one modulated at a different frequency, is performed. The model is based on four equations describing the temporal evolution of the photon flux, the population inversion in the active media, and the saturation coefficients of each saturable absorber. The system dynamics is discussed in order to find stable system control regions. All Rights Reserved © 2015 Universidad Nacional Autónoma de México, Centro de Ciencias Aplicadas y Desarrollo Tecnológico. This is an open access item distributed under the Creative Commons CC License BY-NC-ND 4.0.