A gain controller for a gain loop of a read channel includes a comparator circuit, an accumulator circuit, and a function circuit. The comparator circuit determines an error between an actual sample of a read signal and a corresponding ideal sample of the read signal, and the accumulator circuit holds a gain-correction value and adjusts the gain-correction value in response to the error. The function circuit generates a gain-correction signal by performing a predetermined mathematical operation involving the gain-correction value, and provides the gain-correction signal to a variable-gain amplifier that is operable to amplify actual samples of the read signal. Because such a gain controller allows one to locate the variable-gain amplifier (VGA) after the analog-to-digital converter (ADC) in a read channel, the gain controller may significantly reduce the latency of the gain-acquisition (GA) loop or the gain-tracking (GT) loop of the read channel. The gain controller may also allow the GA loop and the GT loop to be completely contained with in the digital portion of the read channel.