This paper presents the improvement of the transient response and stability for a two-stage DC-DC converter by removing the output inductor. The conventional two-stage converter consists of a buck converter used as the first stage and a half-bridge converter used as the second stage. The proposed circuit topology removing the output inductor and the conventional topology are compared. Removing the output inductor results in the system-order reduction of the transfer function. As a result, the stability is improved, and the crossover frequency of the open-loop transfer function becomes higher. The effectiveness of the proposed circuit topology was experimentally confirmed.