A gain-bandwidth limitation is derived in this paper for parametric amplifiers incorporating an arbitrary number of varactor diodes. For

varactors with parameters

, and

, the optimum gain-bandwidth limitation is given by
![(G_{T})_{n}\\leq \\cosh ^{2}[frac{\\pi\\sqrt {\\omega _{s0}\\omega _{i0}}} {\\omega _0} Sum_{r=1}^{n} frac {C_{1\\tau }} {C_{0\\tau }}]](/images/tex/11045.gif)
, where

- is the maximum flat transducer power gain,

is the equivalent low-pass bandwidth, and

and

are the signal and idler band-center frequencies, respectively. This result is based on the three-frequency model for the varactor device and is essentially a generalization of the gain-bandwidth limitation for single-varactor parametric amplifiers published recently by the author [2].