Pat chicken thighs dry and season generously with kosher salt and black pepper.
Heat a large sauté pan over medium-high heat. Add 1 tablespoon olive oil. Place chicken thighs skin-side down and cook undisturbed for 7–8 minutes until skin is deeply golden and crisp. Flip and cook another 5 minutes.
Remove chicken from pan and drain excess liquid if needed. Return pan to medium heat and add remaining tablespoon olive oil.
Add garlic, cherries, and thyme. Cook 1–2 minutes until fragrant.
Stir in balsamic vinegar, honey, lemon juice, and a pinch of salt. Bring to a simmer and cook about 2 minutes. Pour in chicken broth and bring to a gentle boil.
Preheat oven to 350°F. Return chicken thighs to the pan, cover, and bake for 10 minutes.
Uncover and continue baking for another 20 minutes until chicken is cooked through and sauce has thickened slightly.
Remove from oven and spoon glaze over the chicken before serving.