A power divider and an electronic device are provided. The power divider includes: a main port having an input characteristic admittance; a first output port having a first characteristic admittance; a second output port having a second characteristic admittance, where the second and the first characteristic admittances have a predetermined ratio relationship; a first adjustment branch coupled between the main port and the first output port; and a second adjustment branch coupled between the main port and the second output port. The input characteristic admittance is a sum of admittances presented by the first and second adjustment branches at the main port. The admittance presented by the first adjustment branch at the main port and the admittance presented by the second adjustment branch at the main port are adjustable and the input characteristic admittance is enabled to be equal to a sum of the first and the second characteristic admittances.