Modern reconfigurable communication systems demand microwave voltage-controlled oscillators (VCOs) possessing an octave-wide bandwidth. Many advanced applications require also a low phase noise and a low current consumption for such VCOs. To meet an octave-bandwidth specification in combination with a low phase noise and a low current consumption it is desirable to implement a microwave monolithic integrated circuit (MMIC) technology. In-house gallium arsenide (GaAs) MMIC technology is implemented to build VCOs in this work. At the same time, in order to achieve a high-Q wide frequency tuning range, we implemented also a discrete variable capacitance diode (varicap). The discrete varicap is stacked above MMIC oscillator chip. A vertical design structure of the discrete varicap guarantees a high overlap capacitance ratio (K>20) along with reduced affect of the parasitic reactance. A high overlap capacitance ratio is needed for an octave-wide frequency tuning, while reduced affect of the parasitic reactance increases Q-factor of the VCO resonator. Hence, a sequential integration of the discrete varicap over monolithic oscillator chip resolves referred tough challenges in the design of VCO. Integrated VCO is finally packaged as a surface-mount device (SMD). At that SMD ceramic package is sealed with the metal lid. The oscillator circuitry is based on the conventional negative resistance approach with a positive feedback realized by common-source capacitance. An active element of the oscillator is a pseudomorphic high electron-mobility transistor (pHEMT). The gate length of a transistor is 0.15 µm. The width of the gate varies from 240 µm to 360 µm depending on working frequencies of the VCO. The varicap is built on the GaAs epitaxial heterostructure having customized gradient doping profile with abrupt junction. Nonlinear behavioral model of the varicap is extracted from the diode measurements and is further used for VCO simulation. Two types of VCO have been designed, fabricated and tested. First (second) type of VCO provides a tuning range from 5 to 10 GHz (from 10 GHz to 20 GHz), respectively. The measurement results demonstrate an output power of 3.9 dBm; a current consumption of 30 mA at a supply voltage of 5 V; a phase noise of minus 90 dBc/Hz at 100 kHz offset (minus 85 dBc/Hz at 100 kHz offset) for the first (second) type of VCO, respectively.