<p>Micro-textured sleeve bearings produced through ultrasonic elliptical vibration-assisted turning exhibit faster and more efficient machining processes, offer certain economic benefits, and can be manufactured with various micro-texture parameters by adjusting the processing parameters. Through the theoretical model in elliptical vibration-assisted turning, the processing texture parameters can be obtained. Based on the Elrod cavitation algorithm, the Reynolds equation is solved, and the properties of micro-textured sleeve bearings processed by ultrasonic elliptical vibration are analyzed, considering the cavitation effect. The static characteristics of micro-textured and smooth bearings are studied under different rotation speeds, eccentricities, width-to-diameter ratios, and micro-texture spacing. An increase in bearing speed, eccentricity, and width-to-diameter ratio enhances oil film pressure and bearing capacity, and the cavitation area also gradually increases. The presence of textures in the convergence zone does not significantly affect the cavitation area in the divergence zone, but it slightly enlarges the cavitation area in the convergence zone. When the eccentricity is 0.4 and texture spacing is 0.8, bearing performance is optimal, however, if the eccentricity increases to 0.8, the addition of micro-textures may have an adverse effect on bearing performance.</p>