This invention relates to a new and distinct everbearing variety of raspberry plant named ‘PS-09.040-26’. The new variety is primarily adapted to the growing conditions of the central coast of California and is characterized by the following: early to mid-season primocane production with medium to large sized fruit of light-red coloration. Fruit is of consistent broad conic shape, releases easily from receptacle, is of low gloss and fair flavor. Foliage is slightly concave; medium green, glossy and foliage is equal 3 and 5 foliates. Primocanes have an absent or very weak waxy coat, medium thorn density, purple spines and have very weak anthocyanin coloration.