In this paper, we present a fast Fourier transform (FFT) processor with four parallel data paths for multiband orthogonal frequency-division multiplexing ultra-wideband systems. The proposed 128-point FFT processor employs both a modified radix-$2^4$ algorithm and a radix-$2^3$ algorithm to significantly reduce the numbers of complex constant multipliers and complex booth multipliers. It also employs substructure-sharing multiplication units instead of constant multipliers to efficiently conduct multiplication operations with only addition and shift operations. The proposed FFT processor is implemented and tested using 0.18 ${mu}m$ CMOS technology with a supply voltage of 1.8 V. The hardware- efficient 128-point FFT processor with four data streams can support a data processing rate of up to 1 Gsample/s while consuming 112 mW. The implementation results show that the proposed 128-point mixed-radix FFT architecture significantly reduces the hardware cost and power consumption in comparison to existing 128-point FFT architectures.