Methods, systems, and devices for wireless communications are described. A user equipment (UE) may transmit, to a base station, a capability message indicating a capability supporting network-side phase noise compensation. The UE may transmit, to the base station, phase tracking reference signals based on transmitting the capability message. In an example, the phase tracking reference signals may include a UE phase noise component which may be associated with a local oscillator of the UE. The UE may receive, from the base station, a compensated downlink transmission that is compensated based on the UE phase noise component. In generating the compensated downlink transmission, the base station may apply a multiplication factor associated with the estimated UE phase noise component to the compensated downlink transmission.