At the 2012 Summer Olympics in London, Schmid competed for the second time as a crew member in the men's 470 class by finishing twenty-first and receiving a berth from the ISAF World Championships in Perth, Western Australia. Teaming again with Reichstadter in the opening series, the Austrian duo mounted an early lead on the first leg, but came up short for the medal podium with an accumulated net score of 107 points and a ninth-place finish in a fleet of twenty-seven boats.