The present technology relates to a camera module, an image capturing method, and an electronic device which enable reduction of a memory capacity required for electronic image stabilization. The camera module includes: an imaging unit that outputs a captured image for each of image blocks each corresponding to a predetermined number of horizontal lines; an image block storage unit that stores the image blocks; and an image correction unit that performs image stabilization for each of the image blocks. The present technology can be applied to, for example, a digital video camera having an electronic image stabilization function.