Price collapse for French software company Dassault Systèmes after weak 2026 forecast

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Price collapse for French software company Dassault Systèmes after weak 2026 forecast
Photo: Richard Drew AP/TT

Shares in the French software company Dassault Systèmes, a major player in 3D design among other areas, are plummeting by 20 percent after an unexpectedly weak forecast for 2026. The drop is the company's largest since 2002.

The financial statements and forecast are presented after the recent broad price decline in the software sector on global stock exchanges, driven by concerns that artificial intelligence (AI) will disrupt software companies' business models.

"The result was worse than the most negative had feared," wrote analysts at investment bank JPMorgan in a comment on Dassault Systèmes' financial statements.

Other software stocks were dragged down. German SAP and French Capgemini were down 2.0 and 3.3 percent respectively.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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