A hybrid receiver circuit included in a computer system may include both an analog and an ADC-based receiver circuit. A front-end circuit generates different equalized signals based on received signals that encode a serial data stream that includes multiple data symbols. Depending on a baud rate of the serial data stream, either the digital receive circuit or the analog receiver circuit is activated to provide the desired performance and power consumption over the range of possible baud rates. The ADC-based receiver circuit may include multiple analog-to-digital converter circuits with different resolutions that can be selected for different baud rates.