The HSP50306 is a 6-bit QPSK demodulator chip designed for use in high signal to noise environments which have some multipath distortion. The part recovers 2.048 MBPS data from samples of a QPSK modulated 10.7MHz or 2.1MHz carrier. The chip coherently demodulates the waveform, recovers symbol timing, adaptively equalizes the signal to remove multipath distortion, differentially decodes and multiplexes the data decisions. 8-A lock signal is provided to indicate when the tracking loops are locked and the data decisions are valid. To optimize performance, a gain error feedback signal is provided which can be filtered and used to close an I.F. AGC loop around the A/D converter.