This brief presents a 2.5 – 32 Gb/s Gen 5-PCIe receiver with a multi-rate clock and data recovery (CDR) engine and a hybrid decision feedback equalizer (DFE). The receiver for the PCIe requires wide-range operation and compensation for high insertion loss. The proposed multi-rate CDR engine enables the receiver to operate with multi-rate clocking schemes according to the data rates, which does not need any additional high-speed analog circuits normally used for wide-range operation. In addition, the hybrid DFE architecture not only meets the DFE feedback timing constraint and but also reduces the equalization power. By using clock gating, the receiver can save power when operating at lower generations such as Gen 1, 2, 3, and 4. The prototype chip is fabricated in a 40-nm CMOS technology and occupies an active area of 0.14 mm<sup>2</sup>. The receiver achieves BER less than 10<sup>−12</sup> with various PCIe channels, satisfying PCIe jitter tolerance masks. It consumes 62.7 mW at 32 Gb/s, compensating for 27.5-dB inserting loss, and the figure of merit (energy efficiency per channel loss at Nyquist frequency) of 0.07 pJ/b/dB is achieved.