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Ready for the Samsung Galaxy S7? Mark your calendar for February 21

Samsung sent out invites for its next "Unpacked" event, which will help kick off Mobile World Congress in Barcelona and will most likely result in the Galaxy S7.

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In addition to sending out invitations to its Unpacked event on February 21, Samsung also posted a teaser trailer to its YouTube channel for mobile, where it will livestream the event.

Screenshot by CNET/Samsung Mobile/YouTube

Samsung will reveal its next Galaxy device at an event on February 21 in Barcelona, according to an invitation sent out Sunday afternoon PT.

The invitation to the "Unpacked" event doesn't explicitly say Samsung will unveil the seventh generation of its Galaxy phone, the S7, but if it doesn't, the South Korean electronics giant might as well pack it up and go home. All signs point to the electronics giant using the event to launch the most recent version (or versions) of its signature handset. And Samsung had better do this right.

The electronics giant needs a hit with the Galaxy S7. Despite positive reviews and a welcome design move from plastic to metal and glass, 2015's Galaxy S6 didn't keep Samsung from losing its global footing as budget-conscious buyers gravitate toward phones from Motorola, Xiaomi and Huawei. And even given Samsung's position as the world's largest smartphone vendor, it hasn't put a dent in iPhone sales.

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The event is officially set for 7 p.m. CET at the start of the annual Mobile World Congress show in Barcelona, Spain. (Calculate your time zone.) CNET will be there covering the event live.

Those not traveling to Barcelona can watch the Unpacked livestream on the Samsung Mobile YouTube channel, where the company posted a teaser trailer featuring a guy reaching out for a Galaxy cube through Gear VR goggles.

While we aren't certain what Samsung's next flagship has in store, we do hear rumors, some of which we've posted below. See all of Galaxy S7 rumor mania for more details.

Samsung Galaxy S7 rumors

  • Larger screen than 5.1-inch Galaxy S6
  • Could cost less than Galaxy S6
  • Two versions: one curved, one straight-sided
  • Equipped with own version of Apple's 3D Touch, pressure-sensitive screen
  • Could bring back micro-SD card slot
  • Galaxy S7 could unlock after scanning your eyes

CNET's Shara Tibken contributed to this report.