An electronic device includes first and second transistors coupled in series between first and second source voltage levels. An inductor is coupled between a node coupling the first and second transistors and a load. Control logic is operative to generate control pulses operative to switch the first and second transistors. The controller generates the control pulses as a continuous stream of control pulses in a continuous conduction mode, and skips generation of some control pulses in a discontinuous conduction mode in response to a pulse skipping signal. A pulse skipping circuit is operative to generate a sense voltage as a function of an inductor current in the inductor, compare the sense voltage to ground, and generate a pulse skipping signal to the control logic when the sense voltage is below ground.