This paper presents a pilot-based clock and data recovery (CDR) technique for high-speed serial link applications where a low-amplitude clock signal, i.e., a pilot, is added to the transmit signal. The clock tone is extracted at the receiver using an injection-locked oscillator and is used to drive the receiver front-end samplers. The performance of the CDR technique is demonstrated using a 5 Gbps differential receiver fabricated in a 0.13 μm IBM CMOS technology. The clock and data recovery circuit implementation has an area of 0.171 mm² and consumes 11.75 mA from a 1.5 V supply voltage at 5 Gbps. The recovered clock peak-to-peak and RMS jitter at 5 Gbps are less than 10 ps (5%UI) and 1.6 ps (0.8%UI), respectively with an effective CDR loop bandwidth of approximately 28 MHz at a bit-error rate (BER) of 10^-12 . The proposed technique simplifies the CDR design and provides data and inter-symbol interference (ISI) independent performance with a small ≈5% pilot voltage overhead to the transmitted data signal.