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We experimentally investigate the impact of laser flicker noise and linewidth on 64 Gbaud/DP-64QAM, 96 Gbaud/DP-32QAM and 64 or 96 Gbaud/DP-16QAM links. To give a more practical viewpoint, the examined flicker noise closely follows that of an industry forum (OIF 400ZR). We have found that higher modulation order (e.g., 64QAM) is sensitive to phase noise from the linewidth and flicker noise, even in the back to back case. Significant optical signal to noise ratio (OSNR) and cycle slip rate penalties can also be observed with a transmission distance > 200 k m for both 64QAM and 32QAM signals, which mainly comes from equalization-enhanced phase noise. Moreover, with the increasing of transmission distances, the effective linewidth of a tunable laser with a higher flicker noise and higher linewidth (210 KHz) increases significantly, while it remains unchanged for an external cavity laser (ECL) with 47-kHz linewidth. The result indicates the importance of more stringent flicker noise and linewidth requirement for future ultrabaud rate transmissions.