This application discloses a camera module and an electronic device, and pertains to the field of communications device technologies. The camera module includes a base frame, a photosensitive chip, a first substrate, a first driving mechanism, a first guide post, a second substrate, a second guide post, and a second driving mechanism, where the first guide post is disposed on the base frame, the first substrate is movably connected to the first guide post, and the first substrate is able to move along an extension direction of the first guide post; the photosensitive chip is disposed on the second substrate, the second guide post is disposed on the first substrate, the second substrate is movably connected to the first guide post, and the second substrate moves along an extension direction of the second guide post; the first driving mechanism includes a first driving motor, and the first driving motor is disposed on the base frame and is connected to the first substrate; and the second driving mechanism includes a second driving motor, and the second driving motor is disposed on the base frame or the first substrate and is connected to the second substrate.