A power stage in a multi-phase switching power supply incorporates a current sense circuit coupled to the output voltage disconnect transistor to conduct a portion of an inductor current flowing in the output inductor of the power stage. The current sense circuit is controlled by the same control signal controlling the output voltage disconnect transistor. The portion of the inductor current being conducted by the current sense circuit includes an upslope current and a downslope current of the inductor current. A phase redundant controller generates a sense current signal indicative of the portion of the inductor current conducted by the current sense circuit. Accurate current sensing is implemented for the power stage where the current sense value dose not require temperature compensation.