-buildVersion is still broken in Xcode 26 beta 5. Also in beta 5 if you do not specify -architectureVariant arm64, the iOS simulator fails to download.
I also tried:
⏺ ~ > xcodebuild -downloadPlatform iOS -buildVersion 26.0 -architectureVariant arm64
Finding content...
iOS 26.0 (arm64Only) is not available for download.
-buildVersion is still broken in Xcode 26 beta 5. Also in beta 5 if you do not specify -architectureVariant arm64, the iOS simulator fails to download.
I also tried:
⏺ ~ > xcodebuild -downloadPlatform iOS -buildVersion 26.0 -architectureVariant arm64
Finding content...
iOS 26.0 (arm64Only) is not available for download.