Smith was part of the Great Britain team at the London Olympics. The team won a bronze medal at the men's artistic team all-around event on 30 July 2012, marking the first team medal for a British Olympic gymnastics team in 100 years. Smith also won the silver medal in the men's pommel horse final, receiving the same score as Hungary's Krisztián Berki; Berki, however, was awarded the gold medal due to having a higher execution score. This was especially crushing to the home nation as this could have been Great Britain's first ever Olympic gold medal in gymnastics but Smith said 'I set out to do the best routine of my life and I achieved it so I have to be satisfied'.