The increased demand on throughput in semiconductor manufacturing often leads to a lag between the processing and metrology of wafers at a manufacturing step. This metrology lag results in a detrimental impact on the performance of a process under run-to-run control. This paper analyzes the performance of processes under exponentially weighted moving average (EWMA) run-to-run control by considering time-delayed closed-loop processes with mismatch between the process and the process model. The closed-loop performance bounds for EWMA controlled processes with delays of 0鈭? runs are derived using modified stability analysis tools. Several simulations are provided to illustrate the importance of considering metrology delay and plant鈭抦odel mismatch explicitly in controller performance and tuning.