A squelch circuit for operating at high speed and at high frequencies includes a squelch input unit, a low swing pre-amplifier and a sampling and decision circuit. The squelch input unit pre-processes the positive and negative signals of an input signal to generate four pre-processed signals that are paired and sent to the low swing pre-amplifier. The outputs of the low-swing pre-amplifier are then over-sampled by the sampling and decision circuit. Multi-phase clocks are used to control the over-sampling in the sampling and decision circuit. A logic circuit then determines if the state of the input signal based on multiple samples.