In this paper, a fast switching fault diagnostic scheme is proposed for low‐power pulse width modulation (PWM) DC–DC converters operating in different conduction modes. The outstanding feature of the proposed scheme is that no additional sensing circuits are needed. This is achieved by using the differential of output ripple voltage and the switch gate driver signal for diagnosis. Since the output voltage has to be normally measured for control purposes and the PWM signals are known to the controller, no additional sensors are needed in the proposed scheme. Moreover, based on the real‐time output voltage measurement and switch gate driver signal, the characteristics of switch open‐ and short‐circuit faults can be rapidly extracted, specifically, in less than one switching cycle. Besides, the fault detection scheme can be implemented by a low‐cost logical hardware circuit, which can be integrated into the control unit. The fault diagnosis principle, design considerations, and implementation of the detection scheme are discussed in this paper. Experimental results show that the fault detection system can detect the switching fault in four‐tenths of the switching period. Besides, the proposed method can be used in the applications where the output voltage ripple rate is more than 4%, which covers most situations. © 2017 Institute of Electrical Engineers of Japan. Published by John Wiley & Sons, Inc.