The invention discloses a thin-walled bearing ring lathing process. The thin-walled bearing ring lathing process includes the following steps of firstly, conducting rough lathing, wherein the outer circle, the inner hole, the ditch and the two end faces of a thin-walled bearing ring part are lathed in a numerical control mode, a balance of 0.3 mm to 0.5 mm is controlled to be reserved for the outer circle, a balance of 0.6 mm to 0.8 mm is reserved for the inner hole, a balance of 0.2 mm to 0.3 mm is reserved for the ditch, and a balance of 0.2 mm to 0.5 mm is reserved for the two end faces; secondly, conducting annealing, wherein the roughly-lathed thin-walled bearing ring part is annealed at a temperature of 650 DEG C to 680 DEG C for 3 hours to 4 hours and then cooled in a furnace till the temperature reaches 180 DEG C to 200 DEG C and cooled outside the furnace through air; thirdly, conducting fine lathing, wherein the outer circle, the inner hole, the ditch and the two end faces of the annealed thin-walled bearing ring part are latched in a numerical control module, and the sizes of the outer circle, the inner hole, the ditch and the two end faces are lathed into the sizes required by grinding. In this way, the machining deformation of a thin-walled bearing ring can be reduced, and the machining accuracy of a product can be ensured.