An electrical circuit and method for de-modulation and carrier recovery of PSK modulated carrier signals in analog domain are described. A portion of the received PSK-modulated carrier signal is passed through a signal multiplication circuit to obtain a frequency-multiplied carrier that is absent of the PSK modulation, which is then passed through a frequency dividing circuit to obtain a reference carrier at the received carrier frequency. The reference signal is then mixed with the received PSK-modulated carrier signal to obtain a de-modulated baseband signal. The method may be used in heterodyne receivers of optical BPSK and QPSK signals.