Iceland in the Eurovision Song Contest 2007

Iceland was represented at the Eurovision Song Contest 2007 with the song "Valentine Lost", written by Sveinn Rúnar Sigurðsson and Peter Fenner, and performed by Eiríkur Hauksson. The Icelandic participating broadcaster, Ríkisútvarpið (RÚV), selected its entry through Söngvakeppni Sjónvarpsins 2007. The selection consisted of three semi-finals and a final, held on 20 January, 27 January, 3 February, and 17 February 2007, respectively. Eight songs competed in each semi-final with the top three as selected by a public televote advancing to the final. In the final, "Ég les í lófa þínum" performed by Eiríkur Hauksson emerged as the winner exclusively through public televoting. Hauksson previously represented Iceland in 1986 as part of the group ICY and Norway in 1991 as part of the group Just 4 Fun, placing sixteenth and seventeenth with the songs "Gleðibankinn" and "Mrs. Thompson", respectively. The song was later translated from Icelandic to English for the Eurovision Song Contest and was titled "Valentine Lost".

Iceland competed in the semi-final of the Eurovision Song Contest which took place on 10 May 2007. Performing during the show in position 5, "Valentine Lost" was not announced among the top 10 entries of the semi-final and therefore did not qualify to compete in the final. It was later revealed that Iceland placed thirteenth out of the 28 participating countries in the semi-final with 77 points.