Examples are disclosed that relate to calibration of a stereoscopic display system of an HMD via an optical calibration system comprising a waveguide combiner. One example provides an HMD device comprising a first image projector and a second image projector configured to project a stereoscopic image pair, and an optical calibration system. The optical calibration system comprises a first optical path indicative of an alignment of the first image projector, a second optical path indicative of an alignment of the second image projector, a waveguide combiner in which the first and second optical paths combine into a shared optical path, and one or more boresight sensors configured to detect calibration image light traveling along one or more of the first optical or the second optical path.