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A phase-modulated analog optical link that uses parallel interferometric demodulation to mitigate the dominant intermodulation distortion present in the link. A receiver for demodulating phase modulated optical signals includes a splitter dividing the phase modulated signal into parallel optical paths, each optical path having an asymmetrical interferometer, the time delays of the interferometers being unequal, and each optical path includes a photodiode optically connected to an output of the interferometer. Outputs of the photodiodes enter a hybrid coupler. Alternatively, outputs of the interferometer enter a balanced photodetector. A phase shifter or time delay element can be included in one optical path to ensure inputs to the coupler or balanced photodetector have the correct phase. The input power to the parallel optical paths is split in a ratio that balances the third-order distortion in the output photocurrent.