Beamforming and precoding/combining are techniques aimed at processing multiantenna signals at the transmitter and/or at the receiver of a wireless communication system. While they have been routinely used to improve performance in current and previous generations of mobile communications systems, they are expected to play a more fundamental role in 5th Generation (5G) New Radio (NR) cellular systems, whose functionalities have been defined in the first phase of 3GPP 5G standardization process. Besides operating in traditional cellular sub‐6 GHz frequency band, 5G NR has been natively designed to work in the higher millimeter‐wave (MMW) band. At lower frequencies, multiantenna techniques for 5G NR are mainly refinements of those originally designed for 4G Long‐Term Evolution (LTE). On the contrary, to cope with the peculiarities of MMW scenarios, such as the larger number of antenna elements, the more directional transmission, and the higher path loss values, new dynamic, user‐specific, and computationally efficient multiantenna solutions and procedures have been incorporated in 5G NR specifications. In particular, since multiantenna techniques for 5G NR generally need detailed channel state information (CSI), a complete redesign of the set of reference signals and procedures used for CSI acquisition and reporting was carried out. 5G NR is continuously evolving and new features will be added, while the existing ones will be enhanced in the second phase of 5G standardization, with particular emphasis on beam management operations, reduction of CSI overhead, unconventional transmission methods, robustness against spatial correlation among channels, and software‐based reconfigurable antennas.