deflation
Once one eigenvalue is known, mathematically removing it so the SAME method can be reused, unmodified, to find the next one.
Deflation builds, from a symmetric matrix A, a known eigenvalue \lambda_1, and its unit eigenvector \mathbf v_1, a new matrix A_2=A-\lambda_1\mathbf v_1\mathbf v_1^{\mathsf T} sharing every eigenvalue with A except \lambda_1, which is replaced by 0 -- every eigenvector orthogonal to \mathbf v_1 (every OTHER eigenvector, for a symmetric A) is left untouched. Running the power method again on A_2 finds A's second-largest eigenvalue without re-deriving the whole characteristic polynomial.
Examples
Having found \lambda_1=5 and its eigenvector, running the power method again on the deflated matrix A_2 converges to A's NEXT-largest eigenvalue -- \lambda_1 itself no longer competes.
See also