Then the channel, then a number for how well it went.
Once timing and frequency are right, a matched filter maximises the signal-to-noise ratio at the sampling instant, and an equalizer undoes the distortion the channel added — multipath, which smears symbols into each other. The equalizer needs a channel estimate, often from the same preamble or from pilots sprinkled through the packet.
Throughout, the receiver estimates its own signal quality — SNR, EVM, RSSI. That number is not just diagnostics: it feeds link adaptation (which modulation and code rate to request), power control and handover decisions. A receiver that cannot measure how well it is doing cannot help the network adapt.