An envelope tracking (ET) power management circuit is provided. The ET power management circuit includes an amplifier circuit(s) configured to output a radio frequency (RF) signal at a defined power level corresponding to a direct current, an alternating current, and an ET modulated voltage received by the amplifier circuit(s). The ET power management circuit can operate in a high-power ET mode when the defined power level exceeds a defined power level threshold and the RF signal is modulated to include no more than a defined number of resource blocks. The ET power management includes two ET tracker circuitries each generating a respective ET modulated voltage and two charge pump circuitries each generating a respective current. In the high-power ET mode, both charge pump circuitries are activated to each provide a reduced current to the amplifier circuit, thus helping to reduce a footprint and cost of the ET power management circuit.