A high-speed signal processor for Fabry-Perot interferometric sensors using modified ramp modulation is implemented. The main idea for the signal processing is to find a modulation waveform that could induce a linear frequency change in a laser diode to linearize the relationship between the optical phase shift and measurand. It is found that the waveform could be modeled as the addition of a linear term and an exponential term. A signal processor adopting modified ramp modulation technique is implemented and evaluated to find linearity, drift and random walk of $<{pm}1.5%$, $0.4^{circ}C$, $5.28{ imes}10^{-4}^{circ}C/{sqrt{Hz}}$.