There is disclosed an envelope tracked power supply comprising a high bandwidth, low delay closed loop switch mode power supply stage comprising: a pulse width modulator for generating a width modulated pulse in dependence on an input signal and an output voltage of the switch mode power supply stage; a wideband transformer, having a winding of a first side connected to receive the modulated pulse, and a winding of a second side; and an output stage connected to the winding of the second side of the transformer, and for generating the output voltage in dependence on the modulated pulse induced in the winding of the second side.