Embodiments of this application relate to the field of communications technologies, and disclose a precoding matrix configuration method and apparatus, to help improve performance of decoding data. The method may include: receiving first configuration information, where the first configuration information is used to configure M precoding matrices, M≥2, and M is an integer; and aggregately sending a signal in N time domain units based on the first configuration information, where the signal is a signal obtained after precoding is performed by using a precoding matrix corresponding to each of the N time domain units, the precoding matrix corresponding to each time domain unit is one of the M precoding matrices, N≥2, and N is an integer.