Dysfunction of granulosa cells may contribute to the aberrant folliculogenesis observed in polycystic ovary syndrome (PCOS). MicroRNAs (miRNAs) are highly conserved, small RNA molecules with 19-25 nucleotides in length that post transcriptionally regulate gene expression, involved in many developmental processes, including cell differentiation and apoptosis. Recently, miR-182 was reported to be downregulated in dihydrotestosterone (DHT)-induced rat PCOS model. However, the role of miR-182 in PCOS is still unclear. In this study, we aimed to reveal the role and regulating mechanism of miR-182 in granulosa cell apoptosis. We performed flow cytometry and quantitative Real-Time PCR (qRT-PCR) to detect the effects of DHT on apoptosis and miR-182 expression in granulosa cells, and found that DHT promotes granulosa cell apoptosis and high-concentration DHT inhibits miR-182 expression. We also investigated the role of miR-182, and found that miR-182 inhibits granulosa cell apoptosis. Bioinformatics identified Smad7 as a potential miR-182 target. Luciferase assays, mRNA and protein expression analysis, and flow cytometry assays confirmed that Smad7 is the functional target of miR-182. Taken together, these results suggest that miR-182 inhibits granulosa cell apoptosis by targeting Smad7, which provides a new insight into the mechanism of PCOS in mammals.