An apparatus and method are described for graphics virtualization with late synchronization. For example, a virtualized graphics execution environment is implemented on a host, including a hypervisor to virtualize graphics processing resources for one or more virtual machines (VMs). A plurality of graphics commands are received responsive to execution of a graphics application in one of the VMs. The graphics commands are persisted until a frame triggering event is detected. Upon detection of a frame triggering event, the persisted graphics commands are submitted to the host.