An electronic device may include a low drop output regulator (LDO); a first DC-to-DC converter; an antenna module including an antenna array IC and an antenna array; a second DC-to-DC converter disposed outside the antenna module and supplying power to the low drop output regulator; a power generation circuit for supplying power to the first DC-to-DC converter and the second DC-to-DC converter; and a processor operatively coupled to the antenna module, the second DC-to-DC converter, and the power generation circuit.