We present the hardware implementation of a simple, fast technique for depth estimation based on phase measurement. This technique avoids the problem of phase warping and is much less susceptible to camera noise and distortion than standard block-matching stereo systems. The architecture exploits the parallel computing resources of FPGA devices to achieve a computation speed of 65 megapixels per second. For this purpose, we have designed a fine-grain pipeline structure that can be arranged with a customized frame-grabber module to process 52 frames per second at a resolution of 1280times960 pixels. We have measured the system’s degradation due to bit quantization errors and compared its performance with other previous approaches. We have also used different Gabor-scale circuits, which can be selected by the user according to the application addressed and typical image structure in the target scenario.