In this paper, the rotor losses in high-speed permanent synchronous motor (PMSM) considering the operating condition are discussed. In order to maintain the mechanical integrity of a high-speed permanent magnet machine rotor intended for high-speed operation, the rotor assembly is often retained within a stainless steel or Carbon-Fiber/Epoxy sleeve. The sleeve is exposed to fields produced by the stator from either the slotting or the mmf harmonics that are not synchronous with rotor losses. On the basis of analytical field analysis, the rotor losses are analyzed. In particular, the no-load, rated with air-cooled, and forced water cooled conditions are considered. The results are validated extensively by comparison with non-linear finite element method (FEM).