In this paper, the research achievements about water lubricated hybrid bearing are summarized in order to make the bearing be of higher stiffness, higher precision and higher stability. The key technology and critical factors which affect the performance of water lubricated hybrid bearing as well as the recent main achievement and development at home and abroad are commented and analyzed from the aspects of bearing structure, thermal deformation and so on. At last, the research trend of water lubricated hybrid bearing for high speed spindle is predicted and prospected.