The Frenchman's serve was broken eight times during the course of the match as third seed Murray clinched a resounding 6-4 6-1 6-2 victory in just one hour and 52 minutes on Rod Laver Arena.
However, Chardy, who was competing in his first ever Grand Slam quarter-final, said that he is still pleased with his efforts in Melbourne.
"I think I don't play bad today," said Chardy. "I played a good match, but he was too good for me.
"I have a chance and I thought I tried many things, but no chance for me. He was too good.
"I played a good tournament, so I'm still happy. But it's tough to lose with no solution."