I have the same setup as you: Xcode 16.4 with iOS 18.5, installed Xcode 26 beta 3, and my iOS 18.5 was removed.
However, when I closed Xcode 26, opened Xcode 16.4 and opened one of my projects, the run destination in the project window was an iOS 18.5 simulator but it said iOS 18.5 wasn't installed. I just clicked Get in the Xcode Settings > Components window and it all worked fine.
Can you open Disk Utility and look in the left-hand pane? At the bottom is a "Disk Images" section. I have "iOS 18.5 Simulator Bundle" and "iOS 18.5 Simulator" there, and they're both mounted. Maybe you've got the runtimes installed but somehow they aren't mounted?
Topic:
Developer Tools & Services
SubTopic:
Xcode
Tags: