A stereo-phonic frequency modulation receiver includes: a frequency modulation demodulation circuit, receiving a reception signal, and generating a demodulated signal according to the reception signal; a frequency-division demultiplexer, generating a sum signal, a difference signal and a pilot amplitude signal according to the demodulated signal; a dual sound channel separation circuit, generating a left-channel output signal and a right-channel output signal according to the sum signal and a weakened difference signal; and a weakening circuit, weakening the difference signal according to the pilot amplitude signal or a signal-to-noise ratio (SNR) to generate the weakened difference signal.