Earnings beat consensus by one cent, coming in at 33 cents per share for the first quarter. The chip-maker's profit was up 46 percent from a year earlier, thanks to strong demand and video game players' willing to pay more for high-quality images, the company said.

Full-year revenue forecasts were also higher than Wall Street expected. For the current quarter, the company projected $1.35 billion in revenue versus the Street's average estimates of $1.28 billion.

Revenue for last quarter came in at $1.3 billion, an increase of 13 percent year over year. The company pointed to strength in gaming platforms, where its revenue was up 17 percent year over year at $687 million.

"We are enjoying growth in all of our platforms- gaming, professional visualization, datacenter and auto," Jen-Hsun Huang, co-founder and CEO of Nvidia, said in a statement. "We are excited to bring a new wave of innovations to the markets we serve."