A SEPIC driver circuit with low input current ripple is disclosed. Embodiments of the present invention provide a driver circuit that accommodates universal input, has a wide output voltage range and good efficiency. An LED lighting system using such as circuit is also disclosed. In at least some embodiments, the circuit is configured as a single-ended primary inductor converter circuit using a magnetic element, and a floating capacitor is connected between the input winding and the output winding of the magnetic element. In some embodiments, an inductor is also included at the DC input to the circuit. An output rectifier such as a diode can also be connected to the output winding of the magnetic element, and an output capacitor can be connected across the output of the circuit. An FET, a bipolar transistor, or a plurality of FETs can be used as the switching device.