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Microwave frequency multiplication based on external modulation using two cascaded Mach-Zehnder modulators (MZMs) has been considered an effective solution for high-frequency and frequency-tunable microwave signal generation. Different techniques have been demonstrated recently, but no generalized approach has been developed. In this paper, a generalized approach to achieving microwave frequency multiplication using two cascaded MZMs is presented. A theoretical analysis leading to the operating conditions to achieve frequency quadrupling, sextupling, or octupling is developed. The system performance in terms of phase noise, tunability, and stability is also investigated.