The general behavior of the traveling-wave microwave phototube (TWP) as a broadband light demodulator has been described in previous publications. This paper presents specific theoretical and experimental analyses. It is shown that at low average currents the microwave power output of a TWP is given by

where

is the peak value of the microwave current modulation at the cathode (i.e., the ac current) and R
eqis an "equivalent interaction resistance" given by

where

is the helix length in electronic wavelengths and Z
cis the longitudinal beam-circuit interaction impedance. Typical values of R
eqare from 10
5to 10
7ohms. The bandwidth is determined by the product

, which can vary less than 3 db over an octave. The major noise contributions are found to be shot noise and thermal noise. The power output and signal-to-noise calculations are verified by experiments on an S-band TWP at low average current levels. Preliminary analysis of the TWP at high average currents shows that even higher values of R
eqshould be obtainable. However, in that case the frequency-dependent microwave interactions in the gun region may provide a serious bandwidth limitation.