Augmented reality extrapolation techniques are described. In one or more implementations, a frame of an augmented-reality display is rendered based at least in part on an optical basis that describes a current orientation or position of at least a part of a computing device. While the frame is rendered, an extrapolation based on a previous basis and a sensor basis generates an updated optical basis that describes a likely orientation or position of the part of the computing device, and the extrapolation is effective to account for a lag time duration between rendering the frame and displaying the frame of the augmented-reality display. The rendered frame of the augmented-reality display is updated before the rendered frame is displayed based at least in part on the updated optical basis that describes the likely orientation or position of the part of the computing device.
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