In one embodiment, a processor includes: at least one core to execute a workload; a voltage regulator to provide an operating voltage to the at least one core; and a power controller coupled to the voltage regulator. The power controller may control the voltage regulator to provide the operating voltage, and may have a voltage regulator control circuit to select one of a plurality of power state profiles based at least in part on a classification of the workload, and to cause an update to a power state of the voltage regulator according to the selected power state profile. Other embodiments are described and claimed.