A new control technique for two-stage server power is proposed in this paper. The propose technique will significantly reduce power consumption under light load condition. The basic idea of the proposed control technique is to control both DC-link voltage of PFC stage and switching method of full-bridge stage. Under light load condition, the output voltage of PFC stage is no more fixed and adjusted dynamically to significantly reduce the switching losses. Moreover, under light load condition the fullbridge stage is with PWM and burst mode control to reduce the circulating current losses. The former approach will reduce the switching losses due to the reduction of voltage across the power devices. The later one will dramatically reduce the circulating current losses caused by phase-shift control method since phaseshift switching control is replaced by PWM switching control. Moreover, due to the reduction of DC-link voltage, the switching losses for PWM and burst mode control can be further reduced as compared to those for fixed DC-link voltage.Experimental results of a 480 W server power are presented. It is shown that the efficiency of two-stage power converter can be improved up to 8% and 3.9% under light load and 10% load conditions for input voltage = 110 V, respectively. For 220 V input voltage the efficiency improvement using proposed method is 6.4% and 4.2% under light load and 10% load conditions, respectively.