A method for operating a sensor panel and an electronic device for supporting the same are provided. The electronic device includes a sensor panel configured to form an electric field based on a driving signal and a sensor operation module configured to provide a driving signal, which has a code sequence in which orthogonal frequency division multiplexing (OFDM) and code division multiplexing (CDM) are interchangeably used and has a peak to average power ratio (PAPR) of a specified value with respect to driving the sensor panel, to the sensor panel.