A delay-compensating power management circuit is provided. The power management circuit includes a power management integrated circuit (PMIC) configured to generate a time-variant voltage(s) based on a time-variant target voltage(s) for amplifying an analog signal(s) associated with a time-variant power envelope(s). A voltage processing circuit is provided in the power management circuit to determine a temporal offset, which can be positive or negative, between the time-variant power envelope(s) and the time-variant target voltage(s). Accordingly, the voltage processing circuit modifies the time-variant target voltage(s) to substantially reduce the determined temporal offset and thereby realign the time-variant target voltage(s) with the time-variant power envelope(s). By realigning the time variant target voltage(s) with the time-variant power envelope(s), it is possible to align the time-variant voltage(s) with the time-variant power envelope(s) to reduce distortions (e.g., amplitude clipping) during amplification of the analog signal.