A power supply circuit includes a pulse width modulation (PWM) chip, a number of phase circuits, a voltage output end, and a spike suppression circuit. The spike suppression circuit is connected to each of the phase circuits and the voltage output end. The PWM chip controls all of the phase circuits to alternately output power supply voltages according to a predetermined sequence. The spike suppression circuit receives the power supply voltages, and filters out voltage spikes in the power supply voltages, thereby outputting steady voltages to the voltage output end.