Abstract: Techniques for performing inphase/quadrature (I/Q) imbalance estimation and compensation are described. In one exemplary design, I/Q imbalances in a receiver may be estimated by (i) applying a continuous wave signal at different frequencies to the receiver and (ii) processing I and Q input samples from the receiver to determine I/Q imbalances at different frequencies. In another exemplary design, I/Q imbalances may be estimated by (i) downconverting an input RF signal with an LO signal that is offset in frequency from the input RF signal, (ii) transforming I and Q input samples from the receiver to the frequency domain to obtain I and Q symbols, and (iii) determining I/Q imbalances based on the I and Q symbols. In one exemplary design, I/Q imbalances may be corrected by compensating for frequency-dependent and frequency-independent I/Q imbalances separately. I/Q imbalances in a transmitter may also be estimated and compensated.