However, the observed Higgs mass of 126GeV is a sweet spot which allows the mass of the lightest SUSY particle to be far greater than the LHC can produce. It'll take a few more colliders before we can dismiss SUSY completely.
The main motivation behind SUSY is that it solves the fine-tuning problem associated with electroweak symmetry breaking. But if SUSY itself is fine-tuned, this solution creates the same problems that it was intended to solve.
BTW: The largest constraint on SUSY partner masses does not come from the $9bn LHC, but from the ACME collaboration's measurement of the electron electric dipole moment, a $6M tabletop atomic physics experiment.