Capacity analysis is a fundamental and important issue for continuous phase modulation (CPM) signals. In the letter, we investigate the capacity formula of CPM MIMO systems. Using Finite State Machine (FSM), the CPM symbols can be modeled as Markov source by combining channel and CPM modulation. Thus the capacity of CPM signals can be derived in form of the erroneous probability and normalized CPM bandwidth. In addition, the capacity of CPM MIMO systems is derived over Gaussian channels and Rayleigh channels. Finally, numerical simulations are implemented according to various parameters such as modulation scheme, modulation index h, memory length L, and antenna configuration.
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