Peroxy (HO2 and RO2) radicals are important intermediates in tropospheric oxidation of hydrocarbons, and their accurate atmospheric measurements remain challenging. In this work, the peroxy radical chemical amplification (PERCA) method was combined with cavity ringdown spectroscopy (CRDS) to develop a dual-channel instrument for measurements of atmospheric peroxy radicals. In the amplification channel, the peroxy radicals were converted in an excess amount of NO and CO into a higher level of NO2 and measured along with the background NO2, while in the reference channel, only the background NO2 (ambient NO2 and NO2 converted from O3 reaction with NO) was monitored. The NO2 levels from both channels were measured simultaneously at a high time resolution (~1 s) using two identical CRDS systems with one 408.5-nm diode laser, and their difference gave the amplified NO2 from PERCA. The peroxy radical concentration was obtained from the amplified NO2 and the calibrated amplification factor or chain length (CL). The optimized CL was 190 ± 20 (1σ) using laboratory-generated HO2 and CH3O2 radical sources. The detection sensitivity was 4 ppt/10 s (3σ). Ambient measurements in Riverside, CA were carried out. This dual-channel diode-laser PERCA-CRDS instrument was compact and capable of providing real-time, in situ, and sensitive measurements of atmospheric peroxy radicals with fast time response.